6th August 2022
EP Report

The repayment of foreign loans in the power sector may worsen the country's debt-servicing burden as the government will have to pay the lenders more than Tk 197,677 crore in 30 years from fiscal year 2024-25.

 

The loans, taken out for the construction of 27 power plants and a network expansion project, are equivalent to 4.44 percent of the country's current GDP.

 

The Rooppur Nuclear Power Plant alone has a debt of Tk 90,474 crore.

 

For the 26 other plants, Tk 94,174.79 crore will have to be repaid, according to the Power Division data submitted last week to the parliamentary standing committee on power, energy and mineral resources ministry.

 

The Dhaka Power Distribution Company's network strengthening initiative has a debt of over Tk 13,000 crore.

 

Foreign loans account for three-quarters of the costs of the 26 public power plants.

 

The data submitted to the parliamentary body was signed by a deputy secretary of the Power Division on July 17.


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