Government plans to eliminate minimum capacity charges for rental power plants and strengthen financial stability in the power sector. Finance Minister announced this measure during the budget speech, aiming to reduce supply costs. The government has increased electricity, gas, and fuel prices to reduce subsidy expenditures. A formula-based price adjustment system is being developed to establish a permanent solution.
The minister proposed an allocation of Tk 348.19 billion for the Power and Energy sector in the next fiscal year, representing a significant increase. The government also plans to import 9,000 MW of electricity by 2041, including imports from India, Nepal, and Bhutan. They have expanded power generation capacity, focusing on coal, LNG, liquid fuel, dual-fuel, nuclear, and renewable energy sources. Numerous power plants are under construction, and plans are in place for additional plants. The government aims to generate 10% of electricity from renewable sources by 2030 and 40% by 2041. They have also made progress in expanding distribution lines, reducing power losses, and increasing fuel oil storage capacity. Exploration activities have been intensified to boost oil and gas production, with significant increases in daily gas production expected.
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