Govt clears Tk18,631cr in foreign power dues in one year
The government shut down 10 inefficient and outdated old plants, which saved Tk525 crore
The interim government has repaid an amount of Tk18,631 crore as outstanding foreign power bill against electricity imports, power division officials said yesterday (6 August).
"The government has been actively working to settle outstanding bills, including those owed to (India's) Adani Power and others," Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan told BSS.
He said of the amount the power division has paid Tk5,000 crore to Adani Power Limited against its dues of Tk7,934.89 crore as electricity bill and "now the Adani will get Tk2,363.50 crore."
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Khan said that the government took various steps to minimise avoidable expenditures related to different power projects, and so far, Tk6,479 crore was saved.
Power Division officials said under an extensive effort in the past one year they reduced import service charge by 4%, worth Tk470 crore from 9%, from energy import for private power plants.
Apart from this, quantity of shipment was increased to 20,000 tonnes from 15,000 tonnes, which will also save Tk354 crore. Tariff renegotiation was done, which is lower than the average selling price of Tk8.95 per unit to save Tk2,500 crore annually.
Meanwhile, the government shut down 10 inefficient and outdated old plants by Independent Power Producers (IPPs) or rental power plants having generation capacity 1010MW, which saved Tk525 crore.
Besides, steps were taken to save Tk2,630 crore through the public power generation companies.
The power division requested the National Board of Revenue (NBR) to reduce tax at source at 6%, while the revenue income was targeted at Tk9,210 crore from renting establishments.
On 6 May 2025, the advisory council meeting approved an amendment to Renewable Energy Policy in principle.
Under the renewable energy policy, the government fixed a target to produce 3,000MW green energy from rooftop solar panels across the country.
The rooftop solar programmes will be implemented by December this year while the extra electricity would be connected to the national grind.
