• Sunday, Oct 02, 2022
  • Last Update : 09:54 am

5-year extension of quick rental power plant law bill placed in parliament

  • Published at 09:35 am September 15th, 2021
File photo of an ongoing session inside the Bangladesh Parliament Syed Zakir Hossain/Dhaka Tribune

The tenure of the existing law is going to expire this year

The extension of the “Speedy Supply of Power and Energy (Special Provision) (Amendment) Act, 2010” bill was placed in parliament on Wednesday, aiming to boost power supply to the consumers.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid placed the bill in the House with Speaker Shirin Sharmin Chaudhury in the chair.

After placing the bill, the state minister said the proposed bill has been placed in the House for adopting a special provision through amending the act which was enacted in 2010.

Earlier, the cabinet on Monday cleared a proposal for the extension of the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010 for another five years till 2026.

The approval came from the virtual cabinet meeting held with Prime Minister Sheikh Hasina in the chair.

The prime minister joined the meeting from Ganabhaban. Other cabinet members joined the meeting from the secretariat.

"Since the tenure of the existing law is going to expire in 2021, the proposed law was introduced to extend it by another five years till 2026," Cabinet Secretary Khandker Anwarul Islam told reporters after the meeting.

He said the cabinet gave the final approval to the draft of Quick Enhancement of Electricity and Energy Supply (Special Provision) (Amendment) Bill, 2021 to ensure uninterrupted supply of electricity and energy for the sake of making Bangladesh into a higher middle-income country by 2030 and a developed country by 2041.

The tenure of the special provision, enacted in 2010, was extended on several occasions in the past, he said.

"But no change other than time extension has been made to the proposed law," said the cabinet secretary.

Besides, the cabinet gave the final approval to the draft of the Public Debt Bill, 2021 to make the existing one time-befitting.

Islam said the Public Debt Act of 1944 is a very old law, which was extended on several occasions. "Since the debt system witnessed a radical change, the Finance Division designed the new law.”

According to the proposed law, the government will give a precise guarantee against the debt taken by the government from the people that they would get back the deposited money anyhow, he said.

A new provision was also incorporated in the draft law for running a Shariah-based deposit system alongside the normal deposit system, said the cabinet secretary, adding the public would be informed about the profits or interest against their deposits.

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, Tk1 lakh fine or both.

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