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Bangladesh energy report

Bangladesh energy report
Update
Format
3 files (PDF report, 2 Excel files)
Pages
59 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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1 190 €

Overview

Bangladesh’s energy strategy balances ambitious renewable expansion with fossil fuel reliance, targeting 40% clean energy by 2041 while scaling gas, coal, and nuclear capacity. Regulatory bodies oversee sector reforms, private investment incentives, and efficiency drives amid rising demand and infrastructure challenges.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • In its updated NDC, the country aims to reach a capacity of 4.1 GW of renewables in 2030 (half of which from solar) and a 7% reduction in GHG emissions.
  • Private companies own half of the electricity capacity.
  • Chevron is the main gas producer, with around 50% of total output.
  • The large gas resources are not well developed and are insufficient to meet the growing demand.
  • Gas dominates the power mix (64% in 2023).
  • Energy consumption is increasing two times slower than the economic growth.
  • Energy prices are controlled and subsidised by the Government.
  • The country targets a tripling of power capacity by 2040.
  • In 2021, the Government cancelled 10 coal-fired power plants totalling around 9 GW.
64%
share of gas in the power generation mix (2023)
-7%
emission reduction target in 2030
-2.5 pp
Share of T&D losses since 2010
  • Energy & Climate Policy Framework

    The Ministry of Power, Energy, and Mineral Resources (MPEMR) is responsible for the energy sector. Its Energy and Mineral Resources Division (EMRD) is responsible for energy-related policies through the implementation of energy plans.

    The Ministry of Finance approves the investments in the energy sector.

  • Energy Companies

    Electricity:

    BPDB, Bangladesh Power Development Board, the national electricity company, has a total capacity of 6.7 GW (24% of the total of 28.2 GW, as of July 2025). It has several subsidiary companies: APSCL, Ashugonj Power Station Company Ltd (2.2 GW), EGCB, Electricity Generation Company of Bangladesh (1.2 GW), and NWPGCL, North-West Power Generation Company Ltd (1.8 GW).

  • Energy Supply & Demand

    Gas:

    Natural gas production has been declining slightly since a peak at 28 bcm in 2017 and reached 27 bcm in 2023 (-3%/year on average). It was increasing rapidly previously (5%/year over 2010-2017).

  • Energy Use and Price by Sector

    Energy Prices in Transport:

    Fuel prices are controlled by the Government and are not adjusted on a regular basis. Gasoline prices increased by 16% to US$1.22/l in 2022 and remained stable since at US$1.16/l in 2024; they dropped by 19% between 2014 and 2019 and remained quite steady until 2021.

  • Issues & Prospects

    Electricity:

    IEPMP 2023 foresees a capacity of 52.6 GW in 2030, 86 GW in 2041, and 138 GW in 2050 in the ATS scenario (Advanced Technology), with a majority of the gas capacity until 2041 (25 GW, 42 GW).

  • Graph 1: Primary Consumption Trends by Energy Source (Mtoe)
  • Graph 2: Total Consumption Market Share by Energy (2023, %)
  • Graph 3: Installed Electric Capacity by Source (GW)
  • Graph 4: Installed Electric Capacity by Source (2023, %)
  • Graph 5: Gross Power Production by Source & Consumption (TWh)
  • Graph 6: Power Generation by Source (2023, %)
  • Graph 7: Crude Oil Production & Consumption (Mt)
  • Graph 8: Petroleum Products Production & Consumption (Mt)
  • Graph 9: Gas Production & Consumption (bcm)
  • Graph 10: Coal Production & Consumption (Mt)
  • Graph 11: GHG Emissions and CO2-energy Emissions (MtCO2)
  • Graph 12: Final Demand Trends by Energy Source (Mtoe)
  • Graph 13: Final Consumption by Sector (Mtoe)
  • Graph 14: Final Consumption Market Share by Sector (2023, %)
  • Graph 15: Final Consumption in Industry by Energy Source (Mtoe)
  • Graph 16: Energy Prices Including Taxes in Industry (USDc/kWh)
  • Graph 17: Final Consumption in Transport by Energy Source (Mtoe)
  • Graph 18: Energy Prices Including Taxes in Transport (USD/l)
  • Graph 19: Final Consumption in Residential, Services, Agriculture by Energy Source (Mtoe)
  • Graph 20: Energy Prices Including Taxes in Residential (USDc/kWh GCV)
  • Graph 21: Upcoming New Capacity by Energy Source (GW)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Bangladesh energy market data since 1990 and up to is included in the Excel file accompanying the Bangladesh country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Bangladesh Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Bangladesh energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).