Bangladesh

Since the beginning of the COVID19 pandemic in early 2020, Bangladesh has committed at least USD 117.74 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

  • At least USD 117.74 million for unconditional fossil fuels through 2 policies (1 quantified and 1 unquantified)
  • No public money commitments identified for conditional fossil fuels
  • No public money commitments identified for unconditional clean energy
  • Some public money committed for conditional clean energy (1 policy with the value of public money unquantified)
  • No public money commitments identified for other energy
Updated: 25 November 2020


At least

$117.74 million

Supporting fossil fuel energy

$0.72

Per capita



At least

$0

Supporting clean energy

$0.00

Per capita

By energy type, Bangladesh committed at least USD 117.74 million to oil and gas (at least USD 117.74 million to unconditional oil and gas).

In addition, no public money commitments identified for coal.

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, no public money commitments identified for multiple fossil fuels.

A considerably larger amount of public money committed to supporting the economy and people of Bangladesh through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 25 November 2020

Country Jurisdiction Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Policy type Stage Legislation and Endorsing Agency Arm of Government Primary and secondary stated objective of the policy Date of entry into force Implemented repeal date, if any Value as stated (specify currency) Value committed, national currency Value disbursed, national currency Value disbursed, USD: Policy background Links to official sources Links to additional sources
Bangladesh National Clean conditional Exemption of tax for private power generation companies under specific conditions (renewable generat... Power generation Multiple renewable Tax or royalty or govt fee bre... 2020010909/01/2020 Fiscal Electricity generation SRO No 05-AIN/IncomeTax/2020 Government "Under a Statutory Regulatory Order (SRO) issued by the National Board of Revenue on 9-Jan-2020, all private power generation companies except coal-based ones will enjoy certain tax facilities for a specific period of time. This entry refers to the exemptions under this policy that will go to renewable energy generation including hydropower via the Kaptai Dam -- see the corresponding oil and gas entry as well. The incentive applies to the power generation companies that will start operation before 31st December 2022 and is conditional upon the respective companies’ compliance with the conditions stipulated in the Private Sector Power Generation Policy of Bangladesh. The Ordinance exempts tax on the following: - Income tax of the respective companies exempt up to 31 December 2034; - Income tax of foreign nationals working in these companies exempt for 3 years; - Interest payment on the companies’ foreign loans eligible to be paid off without Withholding Tax; - Royalty, Technical Know-how and Technical assistance fees payments eligible to made without Withholding Tax; - Capital Gains generated from divestment.
http://nbr.gov.bd/uploads/sros/IMG_20200708_0007.pdf Accessed 18 August 2020

http://www.theindependentbd.com/post/232293
https://home.kpmg/xx/en/home/insights/2020/04/bangladesh-tax-developments-in-response-to-covid-19.html
https://bangladeshpost.net/posts/private-power-plants-to-get-more-tax-facilities-23298 Accessed 18 August 2020
Bangladesh National Fossil unconditional Exemption of tax for private power generation companies under specific conditions (oil and gas gener... Power generation Oil and gas Tax or royalty or govt fee bre... 2020010909/01/2020 Fiscal Exploration or production or processing or storage or transportation SRO No 05-AIN/IncomeTax/2020 Government Under a Statutory Regulatory Order (SRO) issued by the National Board of Revenue on 9-Jan-2020, all private power generation companies except coal-based ones will enjoy certain tax facilities for a specific period of time. This entry refers to the exemptions under this policy that will go to fossil-based generation -- see the corresponding renewable entry as well. The incentive applies to the power generation companies that will start operation before 31st December 2022 and is conditional upon the respective companies’ compliance with the conditions stipulated in the Private Sector Power Generation Policy of Bangladesh. The Ordinance exempts tax on the following: - Income tax of the respective companies exempt up to 31 December 2034; - Income tax of foreign nationals working in these companies exempt for 3 years; - Interest payment on the companies’ foreign loans eligible to be paid off without Withholding Tax; - Royalty, Technical Know-how and Technical assistance fees payments eligible to made without Withholding Tax; - Capital Gains generated from divestment.
http://nbr.gov.bd/uploads/sros/IMG_20200708_0007.pdf Accessed 8 August 2020

http://www.theindependentbd.com/post/232293
https://home.kpmg/xx/en/home/insights/2020/04/bangladesh-tax-developments-in-response-to-covid-19.html
https://bangladeshpost.net/posts/private-power-plants-to-get-more-tax-facilities-23298 Accessed 8 August 2020
Bangladesh National Fossil unconditional Government-backed loan for working capital of the national carrier (Biman Bangladesh Airlines) under... Mobility Oil and oil products Loan (Hybrid) 117744024.49076 2020050404/05/2020 Fiscal Energy use (all energy types, consumption in transport, household use, buildings etc) Government 10,000,000,000 10000000000 Loan for working capital of Biman Bangladesh Airlines under the government's motivational package for COVID-19 outbreak.
https://mof.gov.bd/sites/default/files/files/mof.portal.gov.bd/budget_mof/b4553e69_ce15_47f7_ba8d_b8dc6c5f38e7/BB_14_Statement06A_Eng.pdf Accessed 18 August 2020

https://www.thedailystar.net/coronavirus-deadly-new-threat/news/biman-gets-approval-tk-1000-crore-loan-sonali-bank-1898743 Accessed 18 August 2020