58km gas pipeline under process

http://www.daily-sun.com/?view=details&type=daily_sun_news&pub_no=148&cat_id=1&menu_id=3&news_type_id=1&index=12

58km gas pipeline under process
The Asuganj-Bakrabad transmission pipeline will cost Tk 6.39 billion

Shamim Jahangir

The Gas Transmission Company Limited (GTCL) is preparing to install a 58 kilometer gas transmission pipeline from Asuganj to Bakrabad to improve the gas flow pressure in different consumers’ points including power plants.

The project will be implemented from our own fund instead of foreign aid, GTCL Managing Director Aminur Rahman yesterday said.

The 30-inch wide transmission pipeline project will be implemented in next fiscal year at a cost of Tk 6.39 billion, he added.

But most of the subsidised companies under the Energy and Mineral Resources Division are reluctant to draw the projects cost from their own fund despite having huge amount deposited in banks, a high official at the Energy and Mineral Resources Division, told daily sun.

“They have been enjoying three or more wage increment and bonus every year from the interest raised from the deposited fund”, the official informed.

Korea-based EXIM Bank earlier offered to provide Tk 3.34 billion for the pipeline project with huge interest margin, another official said seeking anonymity.

“We have decided to implement the project from our own fund,” the official said, adding that the implementation of the project is likely to be delayed as the GTCL failed to submit development proposal regarding the project.

The government however planned to start implementing the project this year, he said.

Last week, a review meeting to implement the energy sector projects expressed dissatisfaction over the slow progress in implementing the around 15 to16 proposed gas transmission pipelines.

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