TIB also urged the government to move towards renewable and environment-friendly energy production
Transparency International Bangladesh (TIB) has urged the government to amend the Power System Master Plan (PSMP)-2016 as a large portion of the country’s power production, which mainly comes from the private sector, is sitting idle.
They also asked the government to immediately stop buying, renting and subsidizing electricity production from privately run power plants as they cost a fortune, in terms of public money, and has become a huge burden for the general population.
In a statement issued to the media on Wednesday, TIB said, as per the data of the Power Division, the government is expecting a loss of Tk15,000 crore till April to June of this year as 57% of the country’s power plants are not in use.
“If the ongoing Covid-19 situation continues, the amount of loss from the country’s energy sector will surge up to Tk35,400 crore in April to December. Moreover, the Power Division has already decided to ask the government for a loan of Tk15,000 crore,” read the release.
TIB Executive Director Dr Iftekharuzzaman said: "It is extremely discriminatory to give priority to provide subsidy to the privately-run power plants which are sitting idle unnecessarily instead of providing subsidy to our farmers.
“The government has to stop subsidizing the private power companies. They will have to repeal the Quick Enhancement of Electricity and Energy Supply (special provisions) Act, 2010, and amend the PSMP-2016 for the betterment of the people.”
TIB also urged the government to move towards renewable and environment-friendly energy production as per the Paris Climate Accord to battle climate change.