The new budget for the fiscal year of 2017-18 may bring an allotment of about BDT 21 thousand crores for the county’s power sector, while the energy and mineral resources sector may get only about BDT 3.5 thousand crores.
According to the sources from the Ministry of Power, Energy and Mineral Resources (MPEMR), the national budget of FY-2017-18 may allocate BDT 21 thousand 458 crore and 83 lacs to the country’s power sector, among which BDT 9 thousand 513 crore and 56 lacs is likely to be funded from the government’s own fund. The allocated money for the country’s power sector will be utilized in 82 different projects of the power sector including power generation, transmission and distribution.
On the other hand, the government is likely to allocate BDT 3 thousand 553 crore and 31 lacs for the country’s Energy and Mineral Resources sector in the coming budget. Out of the total budget for this sector, the government is likely to spend BDT 922 crore and 99 lacs for 13 different projects from the own fund. About 704 crore and 67 lacs BDT will be provided from the Gas Development Fund (GDF) to implement 10 different projects of the country’s energy and mineral resources sector.