National
BPDB’s outstanding bills surge to Tk 45,000 crore
Bangladesh Power Development Board (BPDB) is grappling with a staggering Tk 45,000 crore ($4 billion) in outstanding bills, a burden that has become a critical issue for the newly formed interim government. The latest financial assessment, conducted after the fall of the Awami League government, has been submitted to the Power Division, highlighting the severe financial strain in the power sector.
The BPDB’s report calculates the debt using both the official and open market exchange rates, translating to $3.846 billion at Tk 117 per dollar and $4.354 billion at Tk 124 per dollar, respectively. This financial snapshot is intended to brief the interim government, led by Chief Professor Muhammad Yunus, on the sector’s current challenges.
A top BPDB official told UNB that they have prepared this inventory of income and expenditure for the new interim government, headed by Chief Adviser Dr. Muhammad Yunus, to provide them with a clear understanding of the situation in the power sector.
The breakdown of the BPDB’s liabilities reveals that approximately Tk 15,000 crore is owed to various gas companies under state-owned Petrobangla, with the remaining amount to be paid to both private and public power plants.
Experts warn that the power sector’s cash crunch will pose a significant challenge to the interim government. Many attribute the current crisis to the policies of the previous Awami League administration.
Professor Shamsul Alam, a renowned energy expert and senior vice president of the Consumers Association of Bangladesh (CAB), criticized the sector’s transformation into a profit-driven industry benefitting select business groups. “The Speedy Supply of Power and Energy (Special) Act 2010 was the root of this issue, creating an unfair competitive environment in the power sector,” he said.
The financial woes of the power sector are not new. As of February this year, the cumulative outstanding bills in the power and energy sectors had already reached $5 billion, with $4 billion of that debt tied to the power sector alone.
The BPDB’s financial strain is exacerbated by its obligation to purchase electricity from independent power producers (IPPs) in dollars, alongside the import of 2,500 MW of electricity from India, of which 1,500 MW comes from the Adani power plant. “Each day, we require at least $40 million from Bangladesh Bank to meet our payment obligations, but we’re only receiving $5-7 million daily,” said a BPDB official, who requested anonymity due to the sensitivity of the matter.
Further complicating the situation, large IPPs such as SS Power, Payra, Rampal, and Adani are paid in foreign currency, while others, though paid in local currency, are permitted to convert these payments to foreign currency as stipulated in their contracts.
The crisis extends beyond electricity alone. According to the Bangladesh Petroleum Corporation’s (BPC) Annual Report, the country imported approximately 6.86 million metric tons of petroleum products in the fiscal year 2022-23, at a total cost of $6 billion (Tk 62,132.61 crore), adding another layer of financial pressure to the energy sector.
The Bangladesh Meteorological Department (BMD) has forecasted light to moderate rain or thundershowers accompanied by temporary gusty winds at most places across the Rangpur, Rajshahi, Mymensingh, Dhaka, Khulna, Barishal, Chattogram, and Sylhet divisions. Some areas may experience moderately heavy to very heavy rainfall, according to their latest weather bulletin released on Thursday.
Day and night temperatures are expected to remain nearly unchanged across the country.
The highest rainfall in the country over the past 24 hours was recorded in Kumarkhali, with 104mm of rain by 6 a.m. on Thursday.
The axis of the monsoon trough extends from India’s Madhya Pradesh, Odisha, and West Bengal to Assam, passing through Bangladesh, with one of its associated troughs stretching into the North Bay of Bengal.
The monsoon remains active over Bangladesh and moderate to strong over the North Bay region.
The Bangladesh Meteorological Department (BMD) has forecasted that the mild heat wave currently affecting parts of the country, including the capital, is expected to subside in most areas within the next 24 hours, starting from 9 am today.
“A mild heat wave is sweeping across the divisions of Rangpur, Rajshahi, Dhaka, Mymensingh, and Sylhet, as well as the districts of Jashore, Chuadanga, and Kushtia. It is likely to ease in most regions,” the department reported.
In addition, BMD predicted light to moderate rainfall or thundershowers, accompanied by temporary gusty winds, across most of Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna, Barishal, Chattogram, and Sylhet divisions. Some areas are expected to experience moderate to very heavy rainfall.
Temperatures across the country may drop by 1-2 degrees Celsius during both day and night.
On Monday, Dinajpur in the Rangpur division recorded the country’s highest temperature at 38.6°C, while Bandarban in the Chattogram division saw the lowest temperature at 24.6°C early today.
Meanwhile, rainfall recorded in the past 24 hours, ending at 6 am today, reached 66 mm in Nikli of Dhaka Division.
The sunset in Dhaka is at 5:53 pm today, and sunrise is expected at 5:49 am tomorrow.
Two separate murder cases were filed today in connection with the deaths of a private service holder and a Madrasa student during the anti-discrimination student movement.
The first case was lodged by Ridwan Ahmed with Panchlaish police station, accusing former ministers Dr. Hasan Mahmud, Barrister Mohibul Hasan Chowdhury Naufel, and 127 others for the death of his nephew Sujan, 14. Sujan, the son of Belal Hossain from Beramara village in Noakhali’s Sadar Thana, was a student at Al Jamirul Hayat Madrasa in the city’s Chandgaon area. He was fatally shot in the Muradpur area on July 18.
The second case was filed by Jamal Uddin at Doublemooring police station, accusing 225 individuals, including Dr. Hasan Mahmud and Education Minister Barrister Mohibul Hasan Chowdhury Naufel, for the killing of his elder brother Alam, a private service holder, on August 5.
