The difference in allocations in the power and energy sectors is skyrocketing as before. In the next 2021-22 financial year, almost the entire allocation will be in the power sector. And a little fuel.
More than 92 percent of the total allocation is for electricity. And less than 6 percent of the fuel.
In the proposed budget for the construction of new power plants, oil depots and LNG terminals to meet the energy demand of 100% electrification and industrial establishments, the allocation for the power and energy sector has increased by about 13.5 percent.
There is more allocation as big power projects are being implemented. However, the problem is not less in fuel. The day is coming to deal with a large initial fuel shortage. But there is no strong initiative to solve them.
The last few years have not seen a reflection of this in the budget. This time too he is no exception.
The use of electricity is increasing. But in order to increase it, proper supply of primary fuel has to be given. Without primary fuel supply, power generation will be a problem. Although LNG has been relied upon to meet this general calculation, it has not yet reached its full potential. LNG has had to fall into financial crisis by increasing its dependence. And the government has refrained from importing enough LNG. There was a gas crisis a few days ago. Still there. As a result, proper initiative is necessary in this regard.
In the fiscal year 2021-22, out of the budget of Tk. Which is four and a half percent of the total allocation. Tk 25,398 crore has been given to the power sector and Tk 2,006 crore to the fuel sector. It is an account of the overall budget.
In the fiscal year 2020-21, there was Tk 26,858 crore in power generation. This time the allocation has increased to Tk 628 crore.
In his budget speech in Parliament, Finance Minister AHM Mustafa Kamal said there was no alternative to quality energy and power supply in view of increasing power and energy demand. It is a well-known fact that one of the driving forces of Bangladesh’s sustainable economic growth is the provision of quality and uninterrupted electricity.
The Finance Minister said the country has achieved unprecedented success in the last 12 years in the power and energy sector due to the far-sighted and timely steps taken by the government. Compared to 2009, 5 times more electricity is being generated at present. The total power generation capacity of the country (including captive and renewable energy) has been increased to 25,227 MW. Through the integrated development of production, transmission and distribution system, the implementation of the Prime Minister’s pledge to deliver electricity to households has resulted in bringing 99% of the total population of the country under electricity facility.