Bangladesh power division seeks Tk 71.67 development budget

The Power Division of Bangladesh has sought a Tk 71.67 billion fund for its development budget next year to boost the ailing power supply.

This is 43 per cent higher than the existing outlay.

In the current Annual Development Programme budget, the Planning Commission has allocated Tk 50.17 billion funds for the Power Division to upgrade the country’s electricity supply to 7000-megawatt a day by 2012.

Power Division is the second largest development budget spenders of the government with its Tk 50.17 billion funds in the current ADP.

Out of its required Tk 71.67 billion investment, the division has requested for Tk 50.96 billion funds from the government’s own resources and Tk 20.69 billion from external resources.

Bangladesh's supply shortage of more than 1500 MW electricity a day has badly affected the country’s industrial and real estate sectors as many investors are waiting for getting electricity connections after their investment.