Finance Minister AMA Muhith has proposed to allocate Tk18,540 crore for power, energy and mineral resources ministry for fiscal 2015-16.
The government is going to take a number of steps aimed at lasting and sustainable solution for resolving the long pending problems of power sector, the minister mentioned in his speech.
Muhith also stated that discussion on importing hydro electricity from Nepal, Bhutan, Myanmar and north-eastern region of India is in progress.
The government has started installing pre-paid meters in all households in phases over the next three years to ensure economic use of electricity.
Finance Minister AMA Muhith is placing annual budget proposal around Tk2.95tn (Tk295,100 crore) for 2015-16 fiscal year.
The budget size of Tk2.95tn would be 18% higher than the outgoing fiscal year’s original budget of Tk2.5tn and 22.19% higher than the revised budget of Tk2.4tn.
