Bangladesh, July 22 -- Power distribution and petroleum import are set to be privatised under sweeping reforms in Bangladesh's hard-up energy sector as the new government aims to cut subsidies and bring efficiency in the vital field.

Advertisement Officials say the revamping plan comes as the sector has suffered from years of weak planning and growing dependence on imported fuels.

Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmood disclosed the plans while addressing a policy conclave titled 'Energy Security & Transformation of Bangladesh' organised by Bonik Barta at the Pan Pacific Sonargaon in Dhaka on Wednesday.

The minister said the government received the prime minister's approval in principle to move ahead privatis...