BPDB’s outstanding bills surge to Tk 45,000 crore

UNB :
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.