RE: The government is going to allocate Tk 350 billion as a subsidy for the power sector in the upcoming national budget to settle capacity charges and other bills owed to private electricity producers, officials said. The rising debt burden to private electricity producers, including Independent Power Producers (IPPs), requires this huge budgetary allocation, according to the officials. The Ministry of Finance has finalised the national budget for the next fiscal year (FY) 2024-25, due for announcement on June 6, an official said. The power subsidy will mainly be used to clear outstanding bills owed to IPPs that supply electricity to the national grid every month. A senior finance ministry official said Tk 350 billion has been earmarked in the upcoming budget to pay the outstanding electricity bills owed to power producers. https://thefinancialexpress.com.bd/economy/govt-to-allocate-tk-350bn-in-power-subsidy-for-fy2526 May 2024 16:19
They can’t afford to be doing that for many years 😳.
They’ll need an alternative plan 😬