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Monday, May 30, 2016, Jaistha 16, 1423 BS, Shaban 22, 1437 Hijri

Power, energy sectors to get Tk 15,000cr in FY17
Published :Monday, 30 May, 2016,  Time : 12:00 AM  View Count : 18

The government is likely to allocate around Taka 15,000 crore for the power and the energy sectors to implement as many as 88 projects in the next Fiscal Year (FY) beginning on July 1 this year.
"We have placed a proposal for Taka 14,951.09 crore before the national budget for 2016-2017 to implement various projects in the power and the energy sectors," a senior official of the ministry of Power, Energy and Mineral Resources said in Dhaka on Sunday.
He said the power division has already finalized its Annual Development Programme (ADP) with Taka 13,040.09 crore including Taka 500 crore as gross allocation by the National Economic Council (NEC) to implement 67 projects, while the energy and mineral resources division proposed Taka 1,911 crore for 21 projects for the upcoming fiscal year.
Besides, the energy and mineral resources division would implement 30 projects with Taka 1,490.55 crore to come from own finance. The power division has also earmarked Taka 4,306 crore as Export Credit Agency (ECA) for 2016-2017.In FY 2015-2016, the ECA was Taka 2,169 crore.
The non-development expenditure has been fixed at Taka 84.96 crore for the FY 2016-2017.
Earlier, Taka 18,540 crore was allocated for the Power, Energy and Mineral Resources Ministry in the national budget for 2015-16 fiscal.
Of the total Taka 18,540 crore, the power division got Taka 16,503 crore, while the energy and mineral resources division received Taka 2,037 crore.
Earlier talking to BSS, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the government led by Prime Minister Sheikh Hasina achieved a tremendous success in the power and energy sectors during her last and present tenures as she gave top priority to its importance in the overall development of the country.
"The nation has witnessed the continued turnaround of recovering from the chronic energy crisis as the government brought 76 percent people of the country under electricity coverage," he said.
Nasrul said sincere efforts and timely initiatives along with relentless monitoring helped a lot to get rid of load-shedding due to the bold and dynamic leadership of Prime Minister Sheikh Hasina.    ?BSS

Editor : Iqbal Sobhan Chowdhury
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