The countrys power and energy sector received an allocation of Tk 30,317 crore for FY2024-25, down from Tk 34,819 crore in the previous FY2023-24.
"Power sector to get Tk 34,335.94 crore and energy sector to get Tk 4,463.10 crore to implement its various ongoing projects for the fiscal year of 2024-2025," according to the Ministry of Power, Energy, and Mineral Resources.
Placing the proposed allocation in the national budget for FY2024-25, Finance Minister Abul Hasan Mahmood Ali in his speech said that one of the main inputs of production is electricity. "Considering the importance of renewable energy in building a developed, prosperous, smart, and sustainable Bangladesh by 2041, I am proposing a special allocation of Tk 100 crore to encourage its development and use. Besides electricity generation and transmission, a smart prepaid/smart meter installation programme has been taken up to increase transparency and accountability in this sector," he said.
He stated that in the last 15 years, the power generation capacity has increased six times to 30,277 MW. The rate of electricity beneficiaries has increased fourfold, resulting in 100 percent of the population of Bangladesh being brought under electricity coverage.
Additionally, the government has formulated the Integrated Energy and Power Master Plan (IEPMP) as part of the integrated master plan for the power and energy sector. The government plans to increase power generation capacity to 40,000 MW by 2030 and 60,000 MW by 2041.
As part of the long-term master plan for power generation, a plan has been adopted to import about 9,000 MW of electricity from neighbouring countries by 2041 under regional and sub-regional cooperation programmes, with a target of 40 percent of total power generation from renewable energy.
The Finance Minister said that 1,160 MW of electricity through grid interconnection and 1,600 MW from coal-based power plants are being supplied from India to the national grid of Bangladesh. The Finance Minister stated that the government is working relentlessly to ensure a safe and adequate energy supply in the country.
In January 2009, gas production was 1,744 million cubic feet per day, which has now increased to about 2,100 million cubic feet per day. Additionally, about 1,000-1,050 million cubic feet of imported LNG is being added to the national grid daily.
