Power, energy get Tk 28,051cr

The finance minister has proposed to allocate Tk 28,051 crore for the power and energy sector in the new fiscal year, up by 5.84 per cent from Tk 26,502 crore in 2018-19.

By next year, each upazila of the country will have 100 per cent access to electricity, AHM Mustafa Kamal said in his budget speech.

To accelerate oil and gas exploration and extraction, new bidding rounds will commence after the approval of the model production sharing contract, both for offshore and onshore.