Bangladesh Implements New Industrial Connections Policy for Gas and Power News: A new policy concerning gas and power connections for industrial units has been put into effect, requiring clearance from electricity and gas authorities to secure bank loans for newly established plants.
In a directive dated April 8, Bangladesh Bank instructed all scheduled banks to adhere to this policy, adopted by the cabinet committee on economic affairs on March 21. The policy aims to facilitate structured industrial growth.
Under this policy, the government will withhold electricity and gas connections for new plants established outside designated economic or industrial zones. Additionally, clearance from utility companies is now mandatory for industrial ventures seeking bank financing.
Emphasizing the importance of planned industrialization for economic development, the government believes that situating new plants within specific zones will enhance land and energy management while contributing to environmental enhancement.
