The Power Division has sought a development allocation of Tk 259.62 billion for the next fiscal year (FY), which is 45 per cent higher than that of the current FY.
It will be the highest demand among other sectors under the Annual Development Programme (ADP) for the FY 2017-18, officials said Wednesday.
In the current ADP, the division received Tk 179.07 billion in allocation for implementing the development projects.
"We have sought the money as some larger projects, especially in the generation and the transmission sub-sectors, are being implemented to meet the growing electricity demand of Bangladesh," said a Power Division official.
He said the fund will be required as some big power plants and installation of high-voltage transmission lines will be implemented in the next FY.
According to the Power Division, they sent the fund requisition to the Planning Commission so that it can include the projects, to be implemented between July 2017 and June 2018, in the next ADP.
Out of total amount, the division sought Tk 143.24 billion from the internal resources and Tk 116.38 billion from the external resources as project aid.
Meanwhile, the government has allocated a amount of Tk 179.07 billion --Tk 88.44 billion from the internal resources and Tk 73.74 billion from the external resources -- in the current ADP.
Bangladesh Power Development Board (BPDB) under the Power Division has been implementing some mega-projects, including the 1,200-megawatt (MW) Matarbari power plant at an expenditure of Tk359.84 billion, Ashuganj 450MW power plant at Tk 37.42 billion, 1,320MW Rampal Power Plant project at Tk 145.10 billion and 400MW Bibiyana-3 CC power plant at Tk 33.58 billion.
The Power Generation Company of Bangladesh (PGCB) is implementing a number of large projects, including installation of 400 kilovolt (kv) power transmission line project at Tk 32.27 billion, Bangladesh (Bheramara)-India (Baharampur) cross-border transmission line upgradation project at Tk 14.05 billion, and Aminbazar-Mawa-Mongla 400kv transmission line project at Tk 13.57 billion cost.
A Power Division official said: "Since we need to enhance our power supply capacity along with higher generation target, we have taken necessary generation, transmission and distribution projects."
Around 30 per cent of the people are still out of the electricity supply coverage as the grid line is yet to cover many villages.
Power is one of the top priority sectors of the government as the country is struggling hard to overcome the electricity supply shortage against the demand.
According to the power sector master plan 2010, Bangladesh's anticipated peak demand would be 17,304 MW in FY2020. The government is committed to generate 20,000 MW of electricity by FY2021, requiring investment worth billions of dollars.