The primary organization responsible for promoting energy efficiency and conservation in Bangladesh is the Sustainable and Renewable Energy Development Authority (SREDA).
Established in 2012 under the SREDA Act, SREDA operates under the Power Division of the Ministry of Power, Energy and Mineral Resources to advance sustainable energy practices.
Key Responsibilities of SREDA
- Policy Formulation: Developing and coordinating national energy efficiency and conservation policies, including the Energy Efficiency and Conservation Master Plan up to 2030.
- Mandatory Audits: Enforcing the Energy Audit Rules 2018, which require designated industries (large consumers) to conduct annual energy audits.
- Certification: Certifying energy auditors and energy managers to create a skilled pool of professionals.
- Standards & Labeling: Introducing Minimum Energy Performance Standards (MEPS) and efficiency labeling for home appliances like air conditioners, fans, and refrigerators.
- Financial Facilitation: Operating the Energy Efficiency & Conservation Promotion Financing Project (EECPFP), which provides low-interest loans for energy-efficient industrial equipment.