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Bangladesh Bank yesterday allowed banks to keep private sector power producers out of the purview of the single borrower exposure limit when giving them loans for the import of raw materials, including fuel oil.
Private power plants that use furnace oil risk facing severe shortage of fuel and this may result in power cuts during the hottest months of this year.
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134 views United News of Bangladesh Be it in a developed or an emerging economy, Covid-19 has not spared any sector. Bangladesh's booming power sector which is usually resilient, is also reeling under its debilitating impact. The country barely met one-third of its electricity generation target this year, according to an official document of the state-owned Bangladesh Power Development Board (BPDB). As per the document, in possession with UNB, only 965 MW of installed capacity was added to the country's power grid this year against an ambitious target of 3,519 MW -- some 2,465 MW from the pri...