Private power producers in Bangladesh are seeking exemption from defaulter classification to access loan facilities amid the dollar crisis and delayed government payments. The Bangladesh Independent Power Producers Association (Bippa) has written to the central bank, requesting exclusion from group or related party classification.
The move aims to ensure independent power producers can access credit facilities from banks, enabling seamless electricity generation. Private power plants face delayed payments of up to seven months, and Bippa President emphasizes the importance of such measures to sustain their operations. The association also seeks a waiver of penalties and interest on defaulted loans, highlighting challenges related to delayed payments and a shortage of foreign currency. The government reportedly owes Tk23,000 crore to private power producers, and the outstanding bill amounts to over $2 billion.
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