• Tuesday, May 17, 2022
  • Last Update : 04:24 pm

Cabinet nods 5-year extension of special provision for quick energy supply

  • Published at 04:32 pm September 6th, 2021
power grid
Representational image Bigstock

The act was introduced to ensure uninterrupted supply of electricity and energy

The cabinet has approved a proposal to extend the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010 for another five years to 2026.

The approval came from a weekly meeting on Monday with Prime Minister Sheikh Hasina in the chair.

The premier joined the meeting from her official residence Ganabhaban while her cabinet colleagues got connected from the cabinet division of the Bangladesh Secretariat.

In a briefing following the meeting, Cabinet Secretary Khandker Anwarul Islam said: "The proposed law was brought to extend five more years the tenure of the existing law which is going to expire this year while its effectiveness is quite satisfactory."

He said that the cabinet gave final consent to the draft of the Quick Enhancement of Electricity and Energy Supply (Special Provision) (Amendment) Bill, 2021.

The bill was brought to ensure uninterrupted supply of electricity and energy to support the government's move to turn Bangladesh into a higher middle-income country by 2030 and a developed one by 2041.


Also Read - Cabinet purchase body nods 42.5MW waste to energy power project


He added that the tenure of the special provision was enacted in 2010 and was extended several times earlier.

The cabinet secretary said no change except time extension has been made to the proposed law.

The cabinet also gave final approval to the draft of the Public Debt Bill, 2021 to make the existing law time-befitting.

Anwarul Islam also said the Public Debt Act, 1944 is a very old law and was extended several times since the debt system witnessed a radical change, adding that, the Finance Division designed the new law.

He said the proposed law assured the people of a guarantee that the government will pay the debt they will take from the people.

The cabinet secretary said a new provision was also incorporated in the proposed law that allows running a Shariah-based deposit system alongside the normal one.

He added that if anyone provides false information in obtaining the issued
certificates under the government security and saving certificate schemes, he or she would face a maximum of six-month imprisonment and Taka one lakh fine or both.

The meeting also approved in principle the draft of Bangladesh Police (Subordinate Employees) Welfare Fund Bill, 2021 to replace an ordinance of the military regime.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail