Addressing a ‘Post-Budget’ press conference at his ministry’s conference room, Hamid reassured the public of ongoing efforts to stabilize the energy situation. ‘We’re now trying our best and the situation is under control. Gas supply will be uninterrupted by July 15-16,’ he said.

The state minister highlighted that power supply improvements were already visible. He noted that Adani had resumed power supply and the Payra power plant was back in operation. He emphasized the need for preparedness in light of potential flooding in September. ‘Work is under way to minimize this loss in the future. Bangladesh is a country of 700 rivers,’ he said.

He elaborated on the significant damages caused by recent storms and floods, revealing that 30,000 power poles were destroyed and all substations in the Sylhet region were submerged. Responding to concerns about low gas pressure, Hamid explained, ‘One of our floating LNG terminals has been damaged due to the storm. The gas problem will be resolved if the terminal supplies gas again on July 14 to 15.’ Hamid also addressed the issue of rising electricity tariffs.

‘The IMF has given conditions to increase the tariff of electricity on four occasions a year. Due to this, the tariff has been increased twice. This is a regular process. If the government wants, we will move to increase the tariff,’ he said.

However, he assured that there would be no immediate increase in electricity tariffs at the consumer level. Looking ahead to prime minister Sheikh Hasina’s scheduled visit to China on July 8, Hamid disclosed plans to discuss energy collaborations.

‘We are trying to connect eight pipelines parallel to the grid from Maheshkhali,’ he said, adding that significant investments and agreements are expected, potentially amounting to one billion dollars. These agreements will focus on power transmission and distribution projects. Hamid expressed optimism about resolving the gas crisis by 2027, with plans to build two more floating LNG terminals and initiatives to dig new wells on land and in shallow sea areas.

News Link: Power supply to improve in 3-4 days, gas supply by mid-July: Nasrul Hamid