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Tk 21,118 crore allocated for power, energy sector

Finance Minister AMA Muhith on Thursday proposed Tk 21,118 crore for Power, Energy and Mineral Resources Ministry in the budget for 2017-18 fiscal for the overall development of the power and energy sector.

Of the total Tk 21,118 crore, the finance minister proposed Tk 18,894 crore for the power division and Taka 2,224 crore for the energy and mineral resources division. 

The minister unveiled the national budget for the financial year 2017-18 (FY18) at Tk 4,002.66 billion in the Jatiya Sangsad (JS) in Dhaka.

“Hopefully we will be able to supply gas to all industrial units by the end of 2018. In order to meet the growing demand of energy in the country, necessary steps are being taken to import LNG within the shortest possible time,” the finance minister said while placing the national budget in the Jatiya Sangsad.   

He said Terminal Use Agreement (TUA) and Implementation Agreement (IA) have already been signed with a view to setting up a Floating Storage and Re-gasification Unit (FSRU) based LNG terminal in Maheshkhali on Build-Own-Operate-Transfer (BOOT) basis under Public-Private Partnership (PPP).  

Muhith said a total of Tk 113 crore has been proposed to allocate in non-development for the energy and mineral resources division, while Tk 49 crore for the power division.

“In 2009, our power generation capacity was only 4,942 megawatt. Now it has reached 15,379 megawatt. At the same time, system loss has been reduced to 9.3 percent from 15.6 percent,” he informed the House.

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