Only 30.53% progress has been made in implementing the energy sector ADP projects during the first seven months of the ongoing fiscal year, compared to 42.38% progress made during the same period in the last fiscal year.
Meanwhile, between July 2014 and January this year, the self-financed projects have been able to achieve only 30.49% of its Annual Development Programme (ADP) implementation target.
The numbers were disclosed in a working paper released at a recent meeting of the Energy and Mineral Resources Division, where its Secretary Md Abu Bakar Siddique expressed deep dissatisfaction and asked all the heads of the companies and agencies to finish their work as soon as possible.
According to the working paper, the ADP expenditure (government and foreign loans and aids) during the seven-month period – except for the self-financed projects – was Tk18.3804bn compared to Tk21.129bn during the corresponding period of 2013-14 fiscal year. The ADP size for the self-financed projects in the current fiscal is Tk18.5888bn.
According to the paper, during the first seven months of the ongoing 2014-15 fiscal year, the Energy Division spent Tk5.6124bn or 30.53% of the ADP expenditure to implement 24 ADP projects under the energy sector.
Of the total figure, Tk4.4835bn had been allocated by the government, while Tk1.1288bn was spent from foreign loans and aids.
Besides, during the same period of the ongoing fiscal, the Energy Division spent Tk5.6616bn or 30.49% of the total allotment to implement 32 self-financed projects in the energy sector.
Of the total ADP projects, the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) is implementing 16, Geological Survey of Bangladesh (GSB) two, Bangladesh Petroleum Corporation five and Bangladesh Petroleum Institute is implementing one.
Besides, of the self-financed projects, Petrobangla is implementing 26 and Bangladesh Petroleum Corporation is implementing six.
