The Bangladesh Power Development Board (BPDB) is facing a severe financial crisis with outstanding bills totaling Tk 45,000 crore ($4 billion). This issue, highlighted after the fall of the Awami League government, has been reported to the interim government, showing debts of $3.846 billion at Tk 117 per dollar and $4.354 billion at Tk 124 per dollar. The BPDB owes Tk 15,000 crore to state-owned Petrobangla for gas and the remainder to various power plants. The financial crisis is attributed to previous policies and exacerbated by the need to purchase electricity from independent power producers and imports from India. The BPDB requires at least $40 million daily from Bangladesh Bank but only receives $5-7 million. Additionally, the Bangladesh Petroleum Corporation’s report shows a $6 billion cost for 6.86 million metric tons of petroleum products imported in the fiscal year 2022-23, compounding the sector’s financial strain.
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