Dhaka, Dec. 31 -- Bangladesh's latest solar power procurement drive under the Public Procurement Act (PPA) and Rules (PPR) has emerged as largely unattractive to both foreign and local firms, raising fresh concerns over the country's renewable energy transition, according to a study.

The study, by the Centre for Policy Dialogue (CPD), conducted in partnership with the Australian High Commission in Dhaka, found that weak competition, stringent qualification criteria and limited risk mitigation measures have significantly dampened investor interest in solar power projects tendered since December 2024.

As part of reform initiatives, the interim government repealed the Quick Enhancement of Electricity and Energy Supply (Special Provision) A...