Power Division has failed to achieve its physical implementation target of the Annual Development Programme (ADP) set in the power sector during last fiscal year, according to a report released at a meeting on Thursday.
The physical progress rate of the projects during the year was 97.56% against 100% target. The Division, however, achieved 100% physical implementation rate in the previous fiscal year.
But according to the report, the financial expenditure was 99.85% as the Division spent Tk7,91,684.19 lakh from total Tk7,92,842 lakh of the revised ADP under which 69 ADP projects are being implemented in the power sector.
Of the total figure, a sum of Tk4,63,087.06 lakh was spent from the government's allocation while Tk3,28,597.13 lakh was spent from foreign loans and aids.
The portion of the government's expenditure was 98.13% and the project aids expenditure was 102.40%.
However, the government released Tk4,76,072.50 during the year which was 100.88% of the its allocated part.
The FY2013-14 budget earmarked Tk65,872 crore for the nation's total ADP.
Of the total ADP projects, the Power Development Board is implementing 23, the Rural Electrification Board 11, the Power Grid Company of Bangladesh 12, the Dhaka Power Distribution Company six, Power Division and the North West Power Generation Company five each, the Electricity Generation Company of Bangladesh and Dhaka Electric Supply Company two each, and the Power Cell, West Zone Power Distribution Company and Ashuganj Power Station Company are implementing one each.
“We have failed to reach our target in physical implementation, but we were close to achieve financial target,” said Power Division Secretary Monwar Islam.