FICCI Calls for Energy Reforms and Greater Domestic Exploration to Boost Investment in Bangladesh

From the report

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) organized a high-level luncheon meeting titled “Sustainable Power and Energy: Driving Investment in Bangladesh” to discuss key energy challenges and explore solutions for a reliable, affordable, and sustainable energy future.

The meeting was graced by Mr. Amir Khosru Mahmud Chowdhury, MP, Honourable Minister for Finance and Planning, as the Chief Guest. He highlighted the government’s plans to accelerate domestic gas exploration, expand renewable energy, develop LNG infrastructure, and pursue reforms to improve the investment climate and strengthen industrial competitiveness. FICCI President Ms. Rupali Haque Chowdhury emphasised the need to reduce dependence on imported fuels through stronger domestic exploration, diversified LNG sourcing, modernised infrastructure, improved energy efficiency, and faster renewable energy investment. She stressed that reliable and affordable energy is essential for industrial growth, export diversification, and job creation.

Delivering the keynote address, Mr. Shafiqul Alam, Lead Analyst, Bangladesh Energy, South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), highlighted the risks associated with declining domestic gas reserves and volatile global fuel prices. He called for greater investment in domestic gas exploration, rooftop solar, industrial energy efficiency, and regional energy cooperation.