DHAKA, Aug 11, 2025 (BSS) – The interim government has been able to save Tk 14,131.81 crore by taking a series of cost effective measures in the energy sector during the last one year, official said.

“After assuming the office on August 8, 2024, the current government took a series of cost effective measures, including law amendments and formation of consortium, to save public money in the energy sector,” he said. 

According to energy division, the interim government saved Tk 302.7 crore by repealing the "Quick Enhancement of Electricity and Energy Supply (Special Provision) Act, 2010 and following the Public Procurement Rules, 2008 for buying 49-cargo energy at lower premium rate through 23 organisations. 

It said Petrobangla and Oman based OQ Trading Ltd signed a short term deal on July 22, 2025 to import 17 Liquefied Natural Gas (LNG) cargos, which will save Tk 308.13 crore.

Apart from this, the interim government formed a consortium with selected local and foreign commercial banks which will provide non-funded and funded guarantee facility under $350 million guarantee facility of the World Bank’s International Development Association (IDA).

 It will be effective from November this year. Later the facility will increase $700 million from 2027. The initiative will save Tk. 2,772 crore as the duration of the facility is seven years.

The government also saved Tk 7,054 crore in 2024-25 financial year compared to 2023-24 through effective Government to Government negotiations and launch of international tender to meet fuel demand. 

With effective measures by the energy division, Tk 2.40 crore was saved from procurement of stone crash explosive between April and June, 2025.

The power and energy ministry has boosted revenue income of Tk 640.71 crore annually from a gas deal with Karnaphuli Gas Distribution Company Limited and KAFCO.

 Another deal was signed with Jalalabad Gas Transmission and Distribution System (JGTDSL) and LafargeHolcim Bangladesh, which has raised Tk 463.26 crore as revenue per annum.

The energy division prepared a roadmap to reduce system losses with Petrobangla and its distribution companies on February 20, 2025. With implementing the roadmap, system losses reduced in 2024-25 FY compared to 2023-24 FY, resulting in saving of Tk 218.94 crore.

Bangladesh Energy Regulatory Commission (BERC) reduced gas price at retail level and re-fixed gas price of industrial and captive tier, which will add additional Tk 98.22 crore as revenue yearly.

Besides, the interim government has undertaken a time befitting plant to reduce cost of projects. Under capacity building initiatives of BAPEX, a 150-well will be searched and developed, while three rigs will be procured.

Meanwhile, the BAPEX searched, developed and workover of 19 wells and supplied 82 mmcfd gas to the national grid, which has saved Tk 1943 crore.

The government also saved Tk 193.29 crore from Installation of Single Point Mooring (SPM) with double pipeline project, while Tk 45.11 crore was saved from Chattogram to Dhaka fuel pipeline.

The energy division also saved Tk 31.04 crore from Bakhrabad-Meghnaghat-Haripur gas transmission pipeline construction project (amendment-1). Tk 27.64 crore was saved from Gas Station Installation and Modification Project (amendment-1) of Gas Transmission Company Limited.

The government also saved Tk 9.75 crore and Tk 8.24 crore from Eastern Refinery Limited (ERL) and Bagura-Rangpur-Syedpur gas line respectively.

Tk 6.55 crore was saved from workover of seven wells at Titas, Habiganj, bakhrabad and Meghna field, while Tk 3.34 crore was saved from construction of gas distribution network in Rangpur, Nilphamary, Pirganj and adjacent areas.

With cost effective measures, the government also saved Tk  Tk. 2.16 crore and Tk. 1.33 crore from prepaid metre project under the Karnaphuli Gas Distribution Company Limited (KGDCL) and upgradation work of gas distribution network at Fouzdarhat-Sitakunda-Mirsarai areas respectively.