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8 June, 2018 00:00 00 AM
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Energy, power get increased allocation

STAFF REPORTER

With renewed promises of mega projects, finance minister AMA Muhith yesterday announced the budgetary allocation for the power and energy sector, proposing an 18 per cent increase over the previous year’s sum. A total of Tk. 24,921 crore has been allocated for this sector in the proposed budget for the 2018-19 fiscal year, as against last year's Tk. 21,118 crore. Of the total amount, Muhith proposed Tk. 22,936 crore for the Power Division and Tk 1,985 crore for the Energy and Mineral Resources Division. Presenting the budget for FY 2018-19, Muhith said, “We supply electricity to about 92 per cent areas of the country and 90 per cent households get electricity connections. Its coverage should be expanded further.” The finance minister said his government’s immediate goal is to raise the power generation capacity from the existing 16,046MW to 24,000MW by 2021. “We expect to generate, in phases, 40,000MW power by 2030 and 60,000MW by 2041. Other than this, there is no alternative to achieving economic prosperity as per the set target.”

He also said that the government considered coal to be one of the primary alternatives to of gas and planned to build a number of large coal-powered plants. “People are aware that we took steps towards coal-based electricity generation at the beginning of our assuming power. The outcomes of these initiatives are: first, the 1,320 MW coal-based power plant at Rampal; second, the 1,200 MW coal based power plant at Matarbari; and third, the 1,320MW coal-based power plant at Payra of Patuakhali,” he said.

Besides, the minister said there have been initiatives to engage local and foreign entrepreneurs from the private sector to construct a 10,000 MW coal-based power plant in Maheshkhali. “While installing power plants, we’re adopting the most modern techniques like afforestation, cold water supply and controlling the disposal of polluting waste materials of power plants,” he added.

About the country’s first nuclear power plant at Rooppur, Muhith said: “The first phase of installing the plant with a capacity to generate 2,400MW of electricity in Rooppur with support from Russia is expected to be completed within the current fiscal year.”

On the environment-friendly development strategy, the finance minister said: “We want to scale up electricity generation from renewable energy sources to 20 per cent of the total  production.”

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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