Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 22, 2018

Power Dev Fund Utilization-Not Only In Power Generation

EB Report

The Power Development Board (PDB) was advised to utilize the money of Electricity Maintenance and Development Fund (EMDF) in other sectors rather utilizing it only in power generation. However, PDB intends to stick with their prevailing procedure of utilizing the fund which is own power generation. Some also advised to spend the money in favor of the original fundraiser which are the consumers of power.

The speakers consulted the state-run PDB and Bangladesh Energy Regulatory Commission (BERC) in such a way at a workshop titled ‘Regulatory guideline-2017 on EMDF’ organized by the BERC at the city’s Biam Aditorium on Thursday.

“The fund may be utilized in other sectors rather spending it all in power generation”, the state minister for Power, Energy and Mineral Resources Nasrul Hamid addressed like this at the inauguration of the workshop. He said that, around 70% of the commissioned power plants of this time would be outdated within the year of 2041; so we need to plan for that time and start making a fund ready to handle that situation. The ministry has got a proposal to make the PDB a holding company which the ministry is trying to finalize within this month, he added.

BERC chairman Monwar Islam said that, we’re looking forward to making this fund more accessible and useful to the consumers at core.

PDB chairman Khaled Mahmud said that, the PDB should get the most priority while utilizing the money of the fund.

Chief Coordinator for SDG affairs in Prime Minister’s Office Abul Kalam Azad said that, the fund can be utilized in the regions of the power sector where there is fund is insufficient. Power divisional secretary Ahmad Kaykaus said that, the projects that will utilize the money of that fund should be selected properly.

Energy advisor to the Consumers Association of Bangladesh (CAB) Prof Shamsul Alam said that, the money of the EMDF must be utilized in projects where the consumers’ rights are preserved properly; the money should be spent only in power generation to keep the price of electricity stable and bearable for the mass people.

The EMDF fund has some 6,000 core taka which was initiated on 1st February of 2011. The fund was raised by taking 5.17 percent of the wholesale price of electricity

Comment here