Dhaka, May 2 -- The government has set a target to allocate Tk 804 billion for the power and energy sector in the next two fiscals as it attaches top priority to the sector, aiming to transform the country into a developed one.

Of the total amount, Tk 383 billion will be allocated for 2024-25 fiscal year while Tk 421.3 billion for 2025-26 fiscal year.

The government has also formulated short, medium, and long-term plans to ensure sufficient power generation, transmission and distribution capacity.

"With the target of transforming Bangladesh into a developed country by 2041, the government has put the highest emphasis on the power and energy sector," an official document said.

The document titled 'Medium Term Macroeconomic Policy State...