Tk 43.10b for power, energy sector proposed
Friday, 12 June 2009
FE Report
The finance minister has proposed a total allocation of Tk. 43.10 billion for power and energy sector in both non-development and development budgets for the next fiscal year.
The allocation is 48 percent higher than the revised budget, said AMA Muhit while delivering his budget speech Thursday.
"We are determined to take appropriate steps to increase power generation assuming its demand to be 20,000 megawatts (mw) by 2021," he said.
It is not possible on the part of the government alone to finance huge investment that is dearly needed for targeted power generation.
"We have, therefore, embarked upon involving the private sector in short, medium and long term plans. We want to reach a position to fulfill the minimum electricity demand by 2011," said the minister.
In the year 2008, there has been an additional power generation of 307 MW in the private sector.
In 2009, 500 mw of additional power will be generated through four projects under the public sector and 440 mw will be added from 11 projects under the private sector.
The bidding process for the construction of a 450 mw Bibiyana power plant is underway.
"If we go ahead as planned, we hope that by 2013, 2,810 mw of power will be produced through 13 projects under public sector and another 1,350 mw under three projects of private sector including Bibiyana," he said.
Besides, the government is continuing dialogue with the neighbouring countries to import power for mitigating the power crisis on a short-term basis.
He said: "Alongside increase in the production of power, efforts are under way to ensure efficiency enhancement of management and efficient use of the power produced."
The finance minister has proposed a total allocation of Tk. 43.10 billion for power and energy sector in both non-development and development budgets for the next fiscal year.
The allocation is 48 percent higher than the revised budget, said AMA Muhit while delivering his budget speech Thursday.
"We are determined to take appropriate steps to increase power generation assuming its demand to be 20,000 megawatts (mw) by 2021," he said.
It is not possible on the part of the government alone to finance huge investment that is dearly needed for targeted power generation.
"We have, therefore, embarked upon involving the private sector in short, medium and long term plans. We want to reach a position to fulfill the minimum electricity demand by 2011," said the minister.
In the year 2008, there has been an additional power generation of 307 MW in the private sector.
In 2009, 500 mw of additional power will be generated through four projects under the public sector and 440 mw will be added from 11 projects under the private sector.
The bidding process for the construction of a 450 mw Bibiyana power plant is underway.
"If we go ahead as planned, we hope that by 2013, 2,810 mw of power will be produced through 13 projects under public sector and another 1,350 mw under three projects of private sector including Bibiyana," he said.
Besides, the government is continuing dialogue with the neighbouring countries to import power for mitigating the power crisis on a short-term basis.
He said: "Alongside increase in the production of power, efforts are under way to ensure efficiency enhancement of management and efficient use of the power produced."