Power division began the financial year 2017-18 with a sluggish pace in implementation of its projects as it has made seven per cent progress in two months until August against the target of 15 per cent.
The power division along with its 13 other entities is implementing a total of 98 projects with an allocation of Tk 22,877 crore for the current financial year.
In the first two month of the financial year, the government entities were supposed to spend Tk 3,432 crore while they spent only Tk 1,603 crore, according to a report prepared by the power division for its monthly review meeting held on Tuesday.
Power Cell director general Mohammad Hossain blamed belated payments to the service and goods providers for the poor progress as the entities usually make the payments in the months of November and December.
Among the other reasons, he said, some power utilities were kept waiting for finance division’s approval for fund disbursement of two installments.
The power cell director general said that the scenario would improve in a month or two.
The power division was given an allocation of Tk 21,741 crore for implementation of 82 projects in the financial year 2017-18 under the government’s Annual Development Programme while the power utilities would fund Tk 1,136 crore for implementation of 16 projects in the year.
Until August, the power sector entities made 5.38 per cent progress against 11.17 per cent target in implementing their projects under annual development programme.
Out of 82 projects under the annual development programme, 36 projects made zero progress, 41 projects made some progress while only five projects met the target, according to the power division’s report.
Out of 36 projects, 11 projects are under the Power Development Board, eight are under Power Grid Company of Bangladesh and three each under Coal Power Generation Company Limited, Dhaka Electric Supply Company and Dhaka Power Distribution Company.
The report also showed that Ashuganj Power Station Company Limited and Rural Power Company Limited made no progress in implementing their projects, two each, until August.
North-West Power Generation Company made the highest progress in implementing its projects as it made 37.49 per cent progress in the first two months of the current financial year.
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