local time, Bangladesh Finance Minister Koslu announced the national budget, proposing to allocate 1499.6 billion Bangladesh Taka (about 82.568 billion yuan, exchange rate 1 yuan = 18.16 Bangladesh Taka) special funds to ensure the continuous supply of electricity. At the same time, it improves the operation efficiency of power generation, transmission and distribution systems. "The government is working hard to increase the installed capacity of power generation to 35 GW and the total length of transmission lines to 25000 kilometers by 2030,
" Koslu said.
In order to support the development of solar energy, the above budget proposal proposes that domestic photovoltaic power generation projects in Bangladesh can continue to enjoy the "0" tax rate preference by 2035. At the same time, residents can enjoy 5% tax and fee concessions for purchasing green electricity (referring to photovoltaic power generation).
It is reported that photovoltaic modules , inverters, brackets, lithium-ion batteries, lithium-ion batteries, battery energy storage systems, battery management systems, UV-resistant photovoltaic DC cables, battery thermal management systems and other products can enjoy the above tax-free policy. Before June 30
, 2031, imported core components of photovoltaic power generation can be exempted from tariffs, regulatory taxes, surtaxes and withholding taxes; Before June 30, 2030, imported raw materials used for local production of lithium-ion, sodium-ion batteries and battery packs can be exempted from all kinds of tariffs and taxes.
"By gradually promoting photovoltaic, wind power and other clean energy sources , the country (referring to Bangladesh) will consolidate the foundation of low-carbon economic development." Koslu said.
In addition, Koslu mentioned that for local manufacturing projects of renewable energy equipment such as photovoltaic modules, wind power components and energy storage battery systems, investors can receive supporting and incentive policies.
Data show that the total installed capacity of renewable energy in Bangladesh is 1.797 GW, of which photovoltaic installed capacity is 1.504 GW.
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