FICCI Criticizes Bangladesh's New Gas Tariff

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has criticized the Bangladesh Energy Regulatory Commission's (BERC) new gas tariff structure, arguing it could deter investment by imposing higher rates on new or expanding industries and creating an uneven playing field. FICCI emphasizes the necessity for a transparent and equitable energy pricing framework to sustain investor confidence and industrial growth, urging BERC to reconsider its approach. Meanwhile, the global shift towards renewable energy is underscored by John Pettigrew's management of National Grid's transition to wind and solar, despite challenges in managing these power sources. Concerns about tariffs affecting renewable energy projects are raised, with potential delays and increased costs impacting both renewable and fossil fuel industries. The broader implication of tariffs on the electrification of the transport sector, particularly the production and perception of electric vehicles, is noted as a potential hindrance to progress.