Proposing to allocate Tk11,540.40 crore for power, energy and mineral resources ministry, Finance Minister AMA Muhith told the House that electricity will reach every household within the next five years with the implementation of medium and long term plans.
Of the Tk11540.40 crore, the finance minister proposed to allocate Tk9,284.17 crore for power division and Tk2,256.23 crore for energy and mineral resources division.
"We had set a target of generating 20,000 megawatt (MW) of electricity by 2021 but considering the growing demand and increasing generation capacity, we have re-fixed this target at 24,000 MW," he said.
To achieve the changed target, the government has taken initiatives, apart from increasing domestic production, to generate and allocate power through bilateral, multilateral and regional agreements with neighboring India, Bhutan and Nepal.