Investor Presentaiton
5. Addressing Reform in the Power Sector
5.5 No further Extension of 'Speedy Supply of Power and Energy Act'
Bangladesh's energy and power sector needs to shift its activities from the
'emergency management' (initiated in early 2010s) to 'market-led'
management
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It needs to improve its transparency, accountability and efficiency
'Speedy Supply of Power and Energy Act' 2010 was enacted targeting special
need in 2010
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It was enacted on October 12, 2010, for two years. In September 2012,
the government first extended the law for two years which expired on
October 11, 2014
The Act further extended for another four years till October 11, 2018
The Act has once again extended for three more years - till 10 October,
2021
Given the development of the power and energy sector, the 'Speedy Supply of
Power and Energy Act' needs to be discontinued immediately
As per Act, the it can be discontinued any time before its period of
expiry through repealing it
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