Dhaka, June 2 -- The government has decided to generate 30 per cent of the country's total electricity from renewable sources by 2040.

An Integrated Power Sector Master Plan (IPSMP) has already been prepared, and under this plan, a target has been set to generate 3,400 MW of electricity from clean sources by 2028, finance adviser Salehuddin Ahmed said, while unveiling the budget on Monday.

The process of formulating a new policy by updating the Renewable Energy Policy 2008 is in its final stage, he said.

The government has proposed an allocation of Tk 225.20 billion for the power and energy sector in the national budget for the fiscal year 2025-26 (FY26), reflecting a 25.71 per cent decrease from the Tk 303.17 billion allocated in FY20...