Loss-making PDB keeps Tk 7,734cr idle Manjurul AhsanThe state-run Bangladesh Power Development Board has left around Tk 7,734 crore idle in different short-term deposit accounts although the loss-ridden utility needs up to Tk 1,500 crore for balancing its three-month operational capital. He told that the amount was needed for safe operation of a big utility like the power board. He said that the similar trend of keeping huge amount of money idle was also marked in previous audit reports. The power board earns Tk 2,100 crore to Tk 2,200 crore per month in revenue from sales of electricity while it needs up to Tk 2,500 crore a month as working capital leaving a shortfall of up to Tk 400 crore per month, said officials. The power board’s inefficient financial management has already drawn criticisms from experts and the policymakers on different occasions.

Source: Energy Bangla February 10, 2018 20:26 UTC