Sustainable and Renewable Energy Development Authority (SREDA)

Sustainable and Renewable Energy Development Authority (SREDA) has been formed by S.R.O. No. 69 Law/2014- in exercise of the powers conferred by section 29 of the Sustainable and Renewable Energy Development Authority Act, 2012 (Act No. 48 of 2012), of the Bangladesh Parliament, on 10th December, 2012 as a nodal agency to promote, facilitate and disseminate sustainable energy (SE), i.e. covering both the areas of Renewable Energy (RE) and Energy Efficiency(EE) to ensure the energy security of the country.

Earlier, different ministries and departments, including the Bangladesh Power Development Board (BPDB), the Rural Electrification Board (REB), the Local Government Engineering Department (LGED), autonomous bodies like IDCOL and also the private sector was working on renewable energy projects. But the necessity of an authoritative organization in renewable energy sector to maintain coordination among them was being felt. So, an institution like SREDA was inevitable. The institution is now working under Power Division of the Ministry of Power, Energy and Mineral Resources (MPEMR) of the Government of the People's Republic of Bangladesh as a coordination body for the development of the renewable energy in the country.

According to the organogram of SREDA it has a plan to appoint over 100 staffs, including a 16-member board with a chairman as its head. Of the 16-member board, the chairman and its five members will have the executive power with regular salaries while the rest 10 members will be appointed from different private and public bodies as non-executive members. The five executive members will have the responsibility of dealing with five subjects such as renewable energy, energy efficiency, finance, admin and policy & research. The present manpower of SREDA consists of a Chairman, a Secretary, one Member, one Director and three Assistant Directors and SREDA is planning to employ more staffs to fill up the vacant posts. At present SREDA is working at the offices of power division in Biddyut Bhaban on temporary basis. Next year SREDA will move to it's permanent workplace which is now under construction.

The Bangladesh Government had announced a renewable energy policy and also a plan to increase its share in power generation from the present level of one percent to 5 percent by 2015 and 10 percent in 2020. And that means that the country's power production from renewable energy will go up to 650 MW in 2015 when the total power production is expected to be 13,000 MW. So SREDA will have to play a key role to achieve the target.