Bizdata Insights Main Logo

BizData Insights

Intraco Signs Deal with Sundarban to Supply Gas to Factories

Industry: Energy & Power
Company: INTRACO Refueling Stations Limited, Sundarban Gas Company Limited
Company Intelligence Tag: Partnership Insights

Intraco Refueling Station has signed a groundbreaking agreement with Sundarban Gas Company to supply compressed natural gas (CNG) from Bhola to industries in Dhaka and its surrounding areas. This marks the first-ever agreement in Bangladesh where a private sector company will compress the state’s natural gas and distribute it to end consumers. Initially, Intraco will supply approximately 5.0 million cubic feet per day (mmcfd) of gas to address the gas shortage faced by factories, particularly in Gazipur and neighboring regions with low piped gas pressure. Over the course of the 10-year agreement, the gas supply can be increased to up to 25 mmcfd. Consumers will purchase Intraco gas at the government-fixed rate of Tk 47.60 per Mcf. Intraco Refueling Station will have a profit margin of around Tk 30.50 per Mcf as it procures Bhola gas from the government at Tk 17 per Mcf. This innovative solution is expected to boost overall gas output and help alleviate the gas crisis in the country.

Source for more details:

Related News

Banglalink and Teletalk Collaborate to Pilot Active Sharing (Roaming) Service

March 28, 2024

In a groundbreaking development for Bangladesh's telecommunications sector, Banglalink and Teletalk have joined forces to pilot the Active Sharing (Roaming) service, heralding a new era of network infrastructure collaboration.

Following a successful national roaming trial, Teletalk subscribers will now have the seamless ability to switch to the Banglalink network in areas with coverage gaps. This initiative leverages Banglalink's network infrastructure to enhance coverage and service quality in these areas, optimizing resources and unlocking new opportunities for the telecommunications sector in Bangladesh.

National Finance Partners with Nagad for Digital Payment Solutions

March 28, 2024

National Finance recently signed a memorandum of understanding (MoU) with Nagad, allowing customers to utilize Nagad's payment services via the Nagad app. The agreement was formalized at Nagad's headquarters in Dhaka, marking a step towards enhanced digital payment accessibility.

Govt Engages 3 Foreign Firms for Onshore Gas Extraction

March 28, 2024

The government is collaborating with three foreign companies - Russia's Gazprom, China's Sinopac, and Uzbekistan's Ariel - to boost gas extraction in Bangladesh. Proposals for 17 well operations are pending approval, aiming to increase gas supply by 615 million cubic feet daily by 2025.

Govt Extends Summit’s Gas Power Plants Agreements for 5 Years

March 28, 2024

The government has extended the contracts of three gas-based power plants owned by Summit for the next five years. These plants, located in Ashulia, Madhabdi, and Chandina, have a combined capacity of around 50 MW. The decision, approved by the cabinet committee on government purchase, comes after the contracts expired last November.

Grameenphone and IDP Education Bangladesh Strike Deal

March 27, 2024

Grameenphone, the leading smart connectivity provider, and IDP Education Bangladesh, a global leader in international education services, have signed a memorandum of understanding to provide special rewards to GPStars on IELTS registration and offer priority services for consultation on studying abroad.

Shahjalal Islami Bank Collaborates with BB for Credit Guarantee

March 27, 2024

Shahjalal Islami Bank has partnered with Bangladesh Bank to offer credit guarantee facilities for green products and initiatives. The participation agreement, signed at Bangladesh Bank's headquarters, aims to support green projects under the central bank's refinancing scheme. The initiative underscores the bank's commitment to sustainable financing. Senior officials from both institutions were present at the signing, signaling a collaborative effort towards promoting environmentally friendly initiatives in the banking sector.

Related News

Banglalink and Teletalk Collaborate to Pilot Active Sharing (Roaming) Service

March 28, 2024

In a groundbreaking development for Bangladesh's telecommunications sector, Banglalink and Teletalk have joined forces to pilot the Active Sharing (Roaming) service, heralding a new era of network infrastructure collaboration.

Following a successful national roaming trial, Teletalk subscribers will now have the seamless ability to switch to the Banglalink network in areas with coverage gaps. This initiative leverages Banglalink's network infrastructure to enhance coverage and service quality in these areas, optimizing resources and unlocking new opportunities for the telecommunications sector in Bangladesh.

National Finance Partners with Nagad for Digital Payment Solutions

March 28, 2024

National Finance recently signed a memorandum of understanding (MoU) with Nagad, allowing customers to utilize Nagad's payment services via the Nagad app. The agreement was formalized at Nagad's headquarters in Dhaka, marking a step towards enhanced digital payment accessibility.

Govt Engages 3 Foreign Firms for Onshore Gas Extraction

March 28, 2024

The government is collaborating with three foreign companies - Russia's Gazprom, China's Sinopac, and Uzbekistan's Ariel - to boost gas extraction in Bangladesh. Proposals for 17 well operations are pending approval, aiming to increase gas supply by 615 million cubic feet daily by 2025.

Govt Extends Summit’s Gas Power Plants Agreements for 5 Years

March 28, 2024

The government has extended the contracts of three gas-based power plants owned by Summit for the next five years. These plants, located in Ashulia, Madhabdi, and Chandina, have a combined capacity of around 50 MW. The decision, approved by the cabinet committee on government purchase, comes after the contracts expired last November.

Grameenphone and IDP Education Bangladesh Strike Deal

March 27, 2024

Grameenphone, the leading smart connectivity provider, and IDP Education Bangladesh, a global leader in international education services, have signed a memorandum of understanding to provide special rewards to GPStars on IELTS registration and offer priority services for consultation on studying abroad.

Shahjalal Islami Bank Collaborates with BB for Credit Guarantee

March 27, 2024

Shahjalal Islami Bank has partnered with Bangladesh Bank to offer credit guarantee facilities for green products and initiatives. The participation agreement, signed at Bangladesh Bank's headquarters, aims to support green projects under the central bank's refinancing scheme. The initiative underscores the bank's commitment to sustainable financing. Senior officials from both institutions were present at the signing, signaling a collaborative effort towards promoting environmentally friendly initiatives in the banking sector.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here