State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the prices of electricity and gas are set keeping sustainable development in mind.
As electricity and gas are both directly and indirectly linked to all sectors, their prices are fixed considering the purchasing capacity, income and expenditure, and overall situation of the people, he claimed.
The junior minister made the comments while addressing, as the chief guest, a seminar on Energy Tariff and National Economy organised by the Forum for Energy Reporters Bangladesh at Biduyt Bhaban in Dhaka on Saturday.
“Currently, the per capita income is around $1600, which will reach the $6,000-mark in a few years if the ongoing trend of growth continues,” he hoped.
According to Nasrul, the countrymen will not find it tough to consume gas or electricity at a higher prices as the government has made long-term plans analysing their advantages and inconveniences.
Currently, the per capita income is around $1600, which will reach the $6,000-mark in a few years if the ongoing trend of growth continues
In order to keep in line with global market, change in plans is a must, he opined, suggesting the people to be aware of the issue and use alternative energy, which he said would ensure energy security.
“Considering all the issues, the government is providing subsidy on energy and power sector for the people. The annual demand of electricity is increasing by 16-20%, causing the change in plans to help meet the growing demand,” he said.
The state minister said the government would manage to provide power connection to 100% household consumers by December 2018.
Meanwhile, Prof M Tamim, who presented the keynote paper in the seminar, mentioned how electricity and gas prices should be determined and said the gas prices will be tripled in 10 years.
Urging the people concerned to be aware of the matter, he underscored the need for increasing manpower and technology in the power and energy sectors.
Power Development Board Chairman Khaled Mahmud, Power Cell Director General Mohammad Hossain, Energy Adviser to Consumers Association of Bangladesh (CAB) Prof M Shamsul Alam, CPD Research Director Dr Golam Moazzem and Bangladesh Independent Power Producers Association Vice President Imran Karim, among others, addressed at the event.