The country’s power and energy sector is likely to get Tk 262.26 billion in the next national budget for the 2018-19 financial year (FY19), scheduled to be unveiled on Thursday.
According to Power, Energy and Mineral Resources Ministry, an allocation of nearly Tk 229 billion has been proposed for the power division and nearly Tk 33 billion for the energy and mineral resources division.
The Power, Energy and Mineral Resources Ministry sought around Tk 360 billion in fiscal allocation, a ministry official said.
The government allocated Tk 294.242 billion for 2017-18 fiscal for the power and energy sector. Off the amount, Tk 249.474 billion was allocated for power division and Tk 44.76 billion for the energy sector.
With the fiscal allocation, the power division took 113 projects for power sector development.
The overall progress in project implementation was 78.49 percent until April, the ministry official said.