Power Sector in Next Fiscal
Tk 71.74b for power sector likely
Mazharul Anwar Khan
The government will propose to allocate Tk 71.74 billion for the development of the power sector in the Annual Development Programme (ADP) of the next fiscal year.
The power sector would have 53 projects in the upcoming ADP, of which only six are newly taken, sources at the Planning Commission said.
Earlier, the Planning commission had formulated the next year’s ADP of Tk 460 billion.
The Power division has been allocated the fund as per the direction of Finance Division.
However, over Tk 100 billion was sought for the power sector.
Of the power development projects in the ADB, 17 are related to power generation, 23 projects for power distribution, eight for transmission and five are related to other development in power sector, according to the sources.
The newly included projects are– Bhola 250 MW combined cycle power project, Hatia fuel-based power project, Solar Irrigation pump project, Gopalganj Rural Electricity Project, Power Connection to Bagerhat Cylo project and Shikalbaha duel-fuel power project, sources said.
Islami Development Bank (IDB) is likely to finance the Bhola 250MW combine cycle power plant. The government has completed a successful negotiation with IDB in this regard. The Hatia fuel based power project is now at the planning commission and waiting for the approval of the Executive Committee of National Economic Council (ECNEC).
Taking to daily sun, officials of the Power Wing of the Planning Commission said they couldn’t allocate more fund for the power sector due to the ceiling of finance division.
The Mid-Term Budgetary Framework (MTBF) is a key barrier in terms of formulating development budget, they said.
The revised and old power generation related projects in the ADP are–rehabilitation and modernisation of Ghorashal Thermal Power Plant unit no-1&2 (revised), construction of Sylhet 90 MW combined cycle power plant and setting up transmission line (revised), construction of Chandpur 150 MW combined cycle power plant and setting up transmission line (revised), construction of Sylhet 150 MW combine cycle power plant and setting up transmission line (revised) and construction of 280 MW peaking power plant.
The ADB allocation will include projects for Construction of Khulna 150 MW peaking power plant project of North-West power generation company (NWPGC), Siddirganj 120 MW peaking power plant project of Electric Generation Company of Bangladesh limited (EGCBL), construction of liquid fuel system for Sirajganj 150 MW peaking power plant project and Bheramara combined cycle power plant (360 MW) development project.
The power sector will have projects for Construction of Haripur 360 MW combined cycle power plant and associated sub-station project (parts of EGCB, PGCB and REB), construction of Siddirganj 450 MW peaking power plant project, rehabilitation and modernization of Ashuganj power plant Unit no-3,4&5 (revised) project.
The ADB will also include a number of power transmission related projects including construction and extension of new grid sub-station (revised) for the transmission line of Power Grid Company Bangladesh (PGCB), Megnaghat-Aminbazar 400 KV transmission line project phase-I, Aminbazar and old airport 230 KV transmission line project, phase-I, Transmission efficiency improvement from re-active power compression at grid sub-station and re-enforcement of Goalpara sub-station project, Siddirganj-Maniknagar 230 KV transmission line construction project, Grid Inter-connection between Bangladesh (Bheramara) and India (Baharampur) project and Bibiana-Kaliakair 400Kv transmission line project.