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Tk 26,226.37 cr to be allocated for power, energy

The country’s power and energy sector is likely to get Tk 26,226.37 crore in the next national budget for the 2018-19 financial year (FY19), scheduled to be unveiled on Thursday.

According to Power, Energy and Mineral Resources Ministry, an allocation of Tk 22,892.60 crore has been proposed for the power division and Tk 3,333.77 crore for the energy and mineral resources division for FY19.

The Power, Energy and Mineral Resources Ministry sought around Tk 36,000 crore fiscal allocation, a ministry official said.

The government allocated Tk 29,424.27 crore for 2017-18 fiscal for the power and energy sector. Of the amount, Tk 24,947.44 crore was allocated for power division and Tk 4,476.83 crore for energy sector.

With the fiscal allocation the power division took 113 projects for power sector development.

The overall progress in project implementation was 78.49 percent till April, the ministry official said.

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