The government has allocated Tk 15,036 crore in the proposed budget in fiscal year 2016-17 for the development of power and energy sector.
Finance Minister AMA Muhith made the proposal while placing the budget for the next financial year before the parliament on Thursday .
AMA Muhith said “We have targeted to raise electricity generation by additional 16,086 MW by 2021. To achieve this target, installation of 29 power plants with a capacity of 7,296 MW capacity is in progress while tendering processes of 20 power plants with a capacity of 6,681 MW are underway.”
“Furthermore, there is a plan to construct 8 power plants with a capacity of 4,435 MW. There is a plan to install more power plants in Moheshkhali with private investment” he added.
The minister said “There is a plan for generating 3,100 MW electricity from renewable energy sources and setting up 10,000 kilometer transmission line and 1,50,000 distribution line within 2021.”
“We are working on implementing the plan for importing 6,500 MW electricity by 2030 from neighboring countries under sub-regional cooperation framework,” he added.
“In order to meet the increasing demand for fuel in the country we have decided to import LNG. Initiatives have been taken to construct a Floating Storage and Re-gasification Unit (FSRU)- based LNG terminal with a capacity of 1.38 lakh cubic meter at Moheshkhali in Cox’s Bazar to store the imported LNG, he further added.