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Bangladesh Power Sector Faces Crisis Due to Payment Delays

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New Delhi, July 3 (IANS) Bangladesh’s power sector has run into a major crisis as the country’s independent power producers (IPPs) are facing a cash crunch due to increasing delays in payments by the government, according to a new report.The Bangladesh Power Development Board (BPDB) reportedly owes approximately Tk 25,000 crore to IPPs. As a result, the power producers are running out of working capital to purchase fuel, service debt, maintain equipment and pay thousands of employees, which is…