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The Power and Energy Sector in the National Budget FY2024 – Addressing Operational and Non-operational Challenges

Author

Listed:
  • Helen Mashiyat Preoty
  • Mashfiq Ahasan Hridoy
  • ASM Shamim Alam Shibly
  • Tamim Ahmed

Abstract

The power and energy sector of Bangladesh has been confronting several challenges that adversely affected various economic activities in households, agriculture, industries and businesses. These power and energy sector challenges require special attention from the National Budget FY23–24. However, the national budget for FY23–24 was a ‘business as usual’ budget for this sector instead of addressing significant challenges. So, the expectations are lower that the budget passed at the parliament would improve the sectoral health in particular. The study analysis shows that the power and energy sector has no good news in the early future, and load shedding is likely to continue in the coming months, hindering households, businesses, industry, and commercial activities. With huge excess reserves (about 50 per cent in FY25), the power sector will continue struggling to meet the capacity payment, subsidy requirements and fuel import payments.

Suggested Citation

  • Helen Mashiyat Preoty & Mashfiq Ahasan Hridoy & ASM Shamim Alam Shibly & Tamim Ahmed, 2023. "The Power and Energy Sector in the National Budget FY2024 – Addressing Operational and Non-operational Challenges," CPD Working Paper 150, Centre for Policy Dialogue (CPD).
    • Handle: RePEc:pdb:opaper:150
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    File URL: https://cpd.org.bd/resources/2023/11/The-Power-and-Energy-Sector-in-the-National-Budget-FY2024.pdf
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    Keywords

    Power Sector; National Budget; FY2024; Renewable Energy; LNG-based power generation; Bangladesh;
    All these keywords.

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