Dhaka, Aug. 12 -- The interim government has achieved savings of Tk 14,131.81 crore in the power and energy sector over the past year through a series of targeted cost-reduction initiatives.

According to officials from the Ministry of Power, Energy and Mineral Resources, since taking office on 8 August 2024, the administration has introduced reforms, revised procurement processes, and fostered financial partnerships aimed at reducing public expenditure.

Data from the Energy Division shows that the repeal of the Speedy Supply of Power and Energy (Special Provision) Act, 2010, along with the purchase of 49 cargoes of fuel oil at reduced premiums through 23 organisations in line with the Public Procurement Rules, 2008, generated savings of...