Dhaka, April 24 -- The Ministry of Finance has approved the release of Tk 20.67 billion (Tk 2,067 crore and 5 lakh) to clear outstanding bills for private power plants for the month of March.

According to a directive issued on April 21 by the Budget Wing-1 of the Finance Division, the funds will be released in favor of the Bangladesh Power Development Board (BPDB) to pay dues of Independent Power Producers (IPPs) and Rental Power Plants (RPPs). The amount will be provided from the electricity subsidy allocation under the revised budget for the fiscal year 2025-26.

The subsidy has been determined based on the actual deficit of 85 IPPs and 9 RPPs for March. Previously, the sector's actual deficits up to February had already been settled....