Neyius Energy is now Meridian East Energy. The new name gives the group’s clean energy business its own identity for Sri Lanka and Bangladesh, with hydropower as the principal focus, solar power as a complement and clean hydrogen under early assessment. The business, its direction and its social channels carry on.
DHAKA, BANGLADESH | 26 October 2026. Neyius today announced the transition of Neyius Energy to Meridian East Energy, a dedicated brand for its energy development work. The company’s line is Powering what’s important.
At a glance
- New name, same business. Neyius Energy is now Meridian East Energy. Its social handles stay @neyiusenergy on Facebook, X and Instagram.
- Technology mix. Hydropower leads, solar power complements it and clean hydrogen is at feasibility stage.
- Geography. Hydropower work begins in Sri Lanka. In Bangladesh the company is exploring solar and clean hydrogen.
- Planning scale. The strategy considers up to 85 million rural people in Bangladesh and 15 million in Sri Lanka. This is a population frame, not a customer count.
- Status. First projects are still being planned. Details will be published once they are confirmed.
A new name gives the energy business its own identity, and keeps its continuity
Neyius is a family office with holdings across textiles, hospitality, media, technology and energy. A separate name lets the energy business speak for itself to regulators, landowners, lenders and communities, without being read as part of an unrelated sector.
“Meridian East” points to geography without limiting the company to one country or technology. Bangladesh and Sri Lanka both lie east of the Prime Meridian. The identity pairs deep navy with restrained gold and an abstract triangular emblem, chosen to signal stability and permanence in a business where assets last for generations.
What stays the same. All social handles remain @neyiusenergy on Facebook, X and Instagram. Only the display name changes, so existing followers do not need to do anything.
Hydropower leads, solar complements it and clean hydrogen is under study
Each technology is judged against the same three questions: does it suit the location, what will it cost to build and run, and how will it affect the environment and nearby communities.
| Technology | Role | Where | Stage |
|---|---|---|---|
| Hydropower (run-of-river and small schemes) | Principal focus | Sri Lanka first | Early assessment |
| Solar power | Daytime complement to hydropower | Sri Lanka and Bangladesh | Exploring |
| Clean hydrogen | Possible industrial and transport use | Bangladesh | Feasibility |
Why hydropower comes first
Water falling from the hills to the sea is one of South Asia’s oldest and most dependable sources of clean power. A well-designed scheme can generate for decades with no fuel to buy, which supports stable energy costs. It must also protect river flows, aquatic life and the rights of other water users, and that balance guides every site the company considers.
Why solar and hydrogen follow
Solar produces in daylight, when hydropower flows may be limited by season. Its fit depends on land use, grid capacity and local demand. Clean hydrogen, made from renewable electricity, is being assessed for whether it can be practical, safe and useful to industry and transport. No hydrogen or solar project has been announced.
Sri Lanka starts with hydropower, while Bangladesh starts with solar and hydrogen assessment
Water resources, land, grid connections and local priorities differ by country, so each market begins from its own conditions.
Sri Lanka has long used hydropower in its national system, and rivers falling from the central highlands offer dependable generation. The Public Utilities Commission of Sri Lanka reports a national ambition of 70% renewable electricity by 2030. Read the company’s Sri Lanka plans.
Bangladesh is largely low-lying, which limits conventional hydropower. The company is therefore exploring solar and clean hydrogen there, with any proposal subject to feasibility, location and approvals. In July 2026 the World Bank reported that a renewable initiative added 338 megawatts of clean electricity to the grid. Read the company’s Bangladesh plans.
Access is nearly universal, so the challenge has moved to reliability, cost and resilience
According to World Bank data, electricity access reached about 99.5% in Bangladesh and 100% in Sri Lanka in 2024. A connection, though, does not say whether power is steady enough for a mill, affordable for a household or sturdy enough to survive a storm.
That is where value now sits. A rice mill loses output with each outage, a cold store loses stock when temperature control fails, and a clinic needs unbroken power for lighting, sterilization and vaccines. Reliable electricity keeps markets open after dark and gives small businesses the hours they need to grow. It does not replace capital, skills or markets, but few enterprises grow without it.
Both countries also face floods, storms and heavy rain. Resilience has to be designed into generation, networks and operations from the start.
The 100 million figure is a planning frame, and should not be read as a customer count
The planning framework considers up to 85 million people in rural Bangladesh and 15 million in rural Sri Lanka, or 100 million combined. For context, World Bank estimates put rural populations at about 117.3 million in Bangladesh and 17.3 million in Sri Lanka in 2025.
| Measure | What it means | Meridian East Energy today |
|---|---|---|
| Population reach | People living in areas under consideration | Up to 100 million (planning frame) |
| Electricity customers | Accounts supplied under a commercial or regulated arrangement | No verified figure published |
| People served | People benefiting from electricity delivered by operating assets | None reported yet |
The measures differ for good reason. One household account can stand for a whole family, and a plant selling into a national grid may have no household customers. Future reporting will state which measure it uses.
Projects move through five stages, and responsible development puts communities in the conversation early
Every project passes through early assessment, feasibility and studies, approvals and agreements, construction and operations. The first projects are still at the planning end. The company will publish location, technology, stage and next steps on its projects page once there is enough confirmed detail.
Residents, landowners and other local stakeholders should be able to understand a proposal and raise questions about it. The company’s community information and sustainability approach explain the issues it expects to consider.
Important. This announcement does not state that Meridian East Energy holds any concession, distribution license or power purchase agreement. Any such arrangement would need separate verification and disclosure.
What to watch next
A new name is not a power station. The test of this strategy will be confirmed project sites, approvals, financing and, eventually, electricity delivered. Neyius, which emphasizes active ownership and stewardship across its portfolio, says it intends to report on progress against those measures and to separate achievements from ambitions.
Meridian East Energy. Powering what’s important.
About Meridian East Energy
Meridian East Energy, formerly Neyius Energy, is developing clean, sustainable and affordable energy for Sri Lanka and Bangladesh, with hydropower at the centre of its work.Corporate office: UTC Building, 19th Floor, 8 Panthapath, Karwan Bazar, Dhaka 1215, Bangladesh
Email:info@meridianeastenergy.com
Website:meridianeastenergy.com | Contact
About Neyius
Neyius is a private family office with interests in energy, technology, textiles, hospitality and media. It focuses on stewardship, active ownership and long-term impact.
Frequently asked questions
What happened to Neyius Energy?
It is now Meridian East Energy, the dedicated brand for the group’s clean energy work in Sri Lanka and Bangladesh.
Do the social media handles change?
No. All handles remain @neyiusenergy. Only the display name changes.
Is Meridian East Energy the same company as Neyius Energy?
It is the successor brand. The precise legal-entity relationship should be confirmed against registration records.
What does Meridian East Energy do?
It develops clean energy, led by hydropower, with solar power as a complement and clean hydrogen under assessment.
Where will projects be built?
Hydropower work begins in Sri Lanka. In Bangladesh the company is exploring solar and clean hydrogen. No specific project has been announced.
How many customers does Meridian East Energy serve?
No verified customer count has been published. The 85 million and 15 million figures are planning parameters, not existing customers.
What is the company’s slogan?
Powering what’s important.
Sources
- Meridian East Energy
- World Bank: Rural population
- World Bank: Access to electricity
- World Bank: Powering Bangladesh’s Future with Renewable Energy
- Public Utilities Commission of Sri Lanka
- Sri Lanka Sustainable Energy Authority
- Bangladesh Investment Development Authority
Editorial note: Population figures are strategic planning parameters supplied for this announcement. Customer numbers, capacity, commissioned assets, budgets and power contracts have not been independently verified.
