May 25, 2015

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SECOND EDITION

MONDAY, MAY 25, 2015

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Jyoistha 11, 1421, Sha’ban 6, 1436

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BTRC TO RELEASE 700MHZ SPECTRUM BAND FOR 4G PAGE 3

Regd No DA 6238, Vol 3, No 43

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MATLUB: NEW FBCCI BODY TO DEVELOP FRESH ENTREPRENEURS

More electricity than ever, but at a cost n Shafiqul Islam Each year, the power sector remains at the top of the list for subsidies. Experts point out that the main reason behind this is the country’s dependency on fuel oil to produce its electricity, adding that the sector will not see sustainable development unless such reliance is reduced. Like previous budgets, the upcoming one is also reportedly seeing an increase for power sector subsidies. Sources said, subsidy allocation for the 2015-16 budget might reach Tk8,000 crore, compared to Tk7,200 crore

for the ongoing fiscal year, a 10% increase. Looking at the numbers from the last six years, it can be seen that subsidies for the power sector have experienced a rise of over 100% during this time. Power sector specialist M Tamim suggests subsidies would reach an unsustainable level in the long run, unless immediate measures are taken to lower power costs by reducing dependency on fuel oil for power production. The Power Development Board (PDB) suffered a loss of Tk6,000 crore during the FY2013-14 as electricity was sold at prices lower than production costs.

www.dhakatribune.com | 32 pages | Price: Tk10

PDB losses were Tk5,572 crore in FY2012-13 and Tk6,350 crore in FY2011-12. At a recent hearing on increasing power prices, it was revealed that there is a Tk1.67 difference between the production and the selling price for each unit of electricity. At this rate, around Tk7,560 crore would be needed as subsidy to meet the losses. However, the private power suppliers continue to enjoy profits as the price of fuel oil has dropped in the international market. According to PDB, the national grid is currently getting a total 10,806 megawatt supply  PAGE 2 COLUMN 1

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PM: Action against those trying to go abroad illegally n Tribune Report Those who are trying to leave the country in illegal way will be brought to book, along with the middlemen involved in human trafficking, Prime Minister Sheikh Hasina said yesterday. “They are tainting the image of the country along with putting their lives in danger,” she said at a meeting with senior officials of the Labour and Employment Ministry at the Secretariat, the BSS reported. “I think such an unlawful trend may stop if the fortune-seekers who are moving from the  PAGE 2 COLUMN 1


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