UNB, Dhaka :
The power and energy sector has received Tk. 28,051 crore for the coming fiscal 2019-20, up by 2,451 crore from Tk. 26,502 crore in FY2018-19.
Finance Minister AHM Musfata Kamal figured out this allocation in his budget speech while placing the national budget for the fiscal year 2019-20. He said the government has set targets to generate 24,000 megawatts (MW) by 2021, 40,000 MW by 2030, and 60,000 MW by 2041 respectively. To meet the demand for electricity in short, medium and in long terms, the projects for its generation, distribution and transmission are in different phases of implementation, the Finance Minister said. The benefits of these initiatives, are already visible, he said, adding that the power generation capacity has now increased to 21,169 MW, and the government has succeeded to provide access to electricity to approximately 93 percent of population. Besides, he said, projects for the construction of 53 power plants with capacity to generate 14,202 MW of electricity are underway. To ensure energy security and
sustainable energy supply system, the government has planned to reduce the use of fuel to 15 percent by 2021 and to 20 percent by 2030, Kamal said. He said the present government has implemented various projects to set up coal- based power plants as an alternative to natural gas. “Some mega projects are being implemented at Paira, Moheshkhali and Materbari classifying these areas as power hubs.” Besides, the natural gas and coal- based power plants, setting up of a nuclear power plant at Rooppur with a power generation capacity of 2,400 megawatts are in progress, he added. To import Liquefied Natural Gas (LNG), an alternative to indigenous natural gas, and ensure energy security in the country, two Floating Storage and Regasification Unit (FSRU) with a daily capacity of 1000 million cubic feet have been installed, which currently adds around 650 million cubic feet LNG daily to the national grid, the minister said.
The power and energy sector has received Tk. 28,051 crore for the coming fiscal 2019-20, up by 2,451 crore from Tk. 26,502 crore in FY2018-19.
Finance Minister AHM Musfata Kamal figured out this allocation in his budget speech while placing the national budget for the fiscal year 2019-20. He said the government has set targets to generate 24,000 megawatts (MW) by 2021, 40,000 MW by 2030, and 60,000 MW by 2041 respectively. To meet the demand for electricity in short, medium and in long terms, the projects for its generation, distribution and transmission are in different phases of implementation, the Finance Minister said. The benefits of these initiatives, are already visible, he said, adding that the power generation capacity has now increased to 21,169 MW, and the government has succeeded to provide access to electricity to approximately 93 percent of population. Besides, he said, projects for the construction of 53 power plants with capacity to generate 14,202 MW of electricity are underway. To ensure energy security and
sustainable energy supply system, the government has planned to reduce the use of fuel to 15 percent by 2021 and to 20 percent by 2030, Kamal said. He said the present government has implemented various projects to set up coal- based power plants as an alternative to natural gas. “Some mega projects are being implemented at Paira, Moheshkhali and Materbari classifying these areas as power hubs.” Besides, the natural gas and coal- based power plants, setting up of a nuclear power plant at Rooppur with a power generation capacity of 2,400 megawatts are in progress, he added. To import Liquefied Natural Gas (LNG), an alternative to indigenous natural gas, and ensure energy security in the country, two Floating Storage and Regasification Unit (FSRU) with a daily capacity of 1000 million cubic feet have been installed, which currently adds around 650 million cubic feet LNG daily to the national grid, the minister said.
