5-Year Extension of Quick Rental Power Plant Law Bill Passed in Parliament

The Quick Enhancement of Electricity and Energy Supply (Special Provision) Act of 2021 was passed in Jatiya Sangsad, with the goal of extending it for another five years, until 2026.

Nasrul Hamid, the State Minister for Power, Energy, and Mineral Resources, introduced the Bill, which was passed by voice vote on Thursday.

In 2021, the current law's term will come to an end.

The cabinet approved the draft of the Quick Enhancement of Electricity and Energy Supply (Special Provision) (Amendment) Bill, 2021 on September 6 in order to ensure an uninterrupted supply of electricity and energy in order for Bangladesh to become a higher middle-income country by 2030 and a developed country by 2041.

According to Cabinet Secretary Khandker Anwarul Islam, the extension will provide uninterrupted power supply as Bangladesh strives to become a higher-middle income country by 2030 and a developed nation by 2040.

The law, which was passed in 2010, was extended for the final time, this time for three years, until 2021.

The government began signing arrangements for the rental of power plants for up to 16 years after the Awami League regained power in 2009. A law was made to make the plants legitimate.

Although the government sees the plants as important for maintaining economic dynamism by increasing power supply, subsidies to cover the high cost of electricity generated by the plants have been criticized.