The allocation was reduced by Tk1,293 crore in the coming fiscal as the sector had received allocation of Tk28,051 crore in outgoing fiscal of 2019-20. The Power Division received Tk24,853.30 crore while the Energy and Mineral Resources Division got Tk1,905.29 crore, reports UNB. Currently, 48 power plants with a combined generation capacity of 16,875 MW are under construction, and the signing of agreements for construction of 12 power plants with a generation capacity of 2,785 MW are under process. He said the government is currently importing 1,160 MW electricity from neighbouring India as part of energy connectivity under regional and sub-regional cooperation. The Finance Minister said the government has been laying emphasis on solar energy-based electricity targeting to enhance the contribution of renewable energy to 10% of total power generation.

Source: Dhaka Tribune June 11, 2020 12:22 UTC