Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud Tuku, announced that the country’s electricity situation will improve and load shedding will decrease starting next week. He made the statement on Monday during a discussion at the Bangladesh-China Renewable Energy Forum organized by the Centre for Policy Dialogue (CPD).

The minister said the government aims to generate 10,000 megawatts of solar power within the next five years. He also noted that oil import costs have risen by 2 billion dollars and that 560 billion taka in electricity sector dues remain unpaid. During the same event, Bangladesh Investment Development Authority (BIDA) Chairman Chowdhury Ashiq Mahmud Bin Harun stated that the upcoming national budget will include duty benefits for battery production and imports.

The announcements reflect the government’s focus on renewable energy expansion and financial adjustments in the power sector to address current supply challenges.