NBFIs asked to cut energy bills by 25pc

The Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) to cut their allocation set aside for power and energy consumption by at least 25 per cent. 

The funds that would be freed up from the reduction in the power and energy expenses can't be redirected to other sectors, said the central bank in a notice.

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The directive will be in effect until further notice.

On Tuesday, the BB set a target for banks to cut their electricity and energy consumption for the next one year in keeping with the government's move aimed at saving power amid deepening energy and foreign exchange crises.