House passes bill extending by five years the law that introduced quick rental plants to fulfil demands on an emergency basis a decade ago
The Quick Enhancement of Electricity and Energy Supply (Special Provision) Act, 2021 was passed in Parliament, aiming to extend its length of time by another five years till 2026.
State Minister for Power, Energy and Mineral Resources Ministry Nasrul Hamid moved the Bill and it was passed by voice vote on Thursday, reports UNB.
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The tenure of the existing law is going to expire in 2021.
The cabinet on September 6 approved the draft of the Quick Enhancement of Electricity and Energy Supply (Special Provision) (Amendment) Bill, 2021 to ensure uninterrupted supply of electricity and energy for making Bangladesh a higher middle-income country by 2030 and a developed one by 2041.
The extension will ensure power supply without disruptions as Bangladesh aims to become a higher-middle income country by 2030 and a developed nation by 2040, Cabinet Secretary Khandker Anwarul Islam said then.
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The law, passed in 2010, was extended for the last time by three years to 2021.
After the Awami League returned to power in 2009, the government began signing deals for renting power plants for up to 16 years. The law was passed to legalize the plants.
Although the government considers the plants as very useful in maintaining dynamism in the economy with increased power supply, subsidies to pay high cost of electricity from the plants have drawn criticism.