The nation’s power sector faces a potential crisis as the government owes a staggering Tk 250 billion to private producers in unpaid bills.
This financial black hole threatens the ability to generate enough electricity, with some companies waiting over nine months for payment.
The Bangladesh Power Development Board, the main buyer of electricity, is struggling with a severe fund shortage and mounting losses. This budget crunch stems from delays in releasing funds allocated for the power sector in the national budget.
As a result, private power producers are struggling to stay afloat. The Power Division insists there’s no cause for alarm. However, the government’s actions contradict its assurances.
A December letter instructed producers to submit bills, suggesting an acknowledgment of the debt. Plans to reduce high-sulfur fuel oil imports indicate financial constraints.
Private producers, burdened by unpaid bills, may struggle to keep the lights on, potentially plunging the nation into darkness. The government must act swiftly to resolve this financial crisis and ensure a stable power supply for its citizens.
