Bangladesh is one of the fastest-growing economies in South Asia, with a progressive economy that has grown at an annual rate of around 4–5% in recent years. The Government of Bangladesh now promises to achieve the status of a ‘middle-income country’ imminently (having already virtually completed graduation from least-developed country status by 2026) and aims to achieve the status of a ‘High Income Country’ by 2041 under its Vision 2041 roadmap. Power and electricity consumption has increased in line with the rise in capacity. Domestic and industrial sectors are the key power demand drivers in the country. The industrial sector has witnessed significant growth over the past decade. To meet the fast growth in demand, the installed power generation capacity needs to be increased further; as of early 2025, the installed electricity generation capacity in Bangladesh is over 30 GW, with ongoing expansion plans. To achieve future power demand goals, a substantial amount of investment would be needed across the entire power sector, with estimates suggesting tens of billions of USD in investment will be required to sustain capacity expansion and renewable energy targets. The Government of Bangladesh has shown a strong commitment to attract private sector investments and provide an investment-friendly environment by providing various tax and other incentives.