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.
Intraco Signs Deal with Sundarban to Supply Gas to Factories
- Published On May 22, 2023
- 6:22 pm
Total Views: 0
Industry: Energy & Power
Company: INTRACO Refueling Stations Limited, Sundarban Gas Company Limited
Company Intelligence Tag: Partnership Insights
Source for more details:
Related News
1320 MW Banshkhali Power Plant Set to Boost National Grid
June 8, 2023
S Alam Group's 1320 MW Banshkhali power plant is set to contribute more electricity to the national grid in Bangladesh. According to a press release from the group, the SS Power Plant, located in Banshkhali, Chattogram, is expected to provide its maximum capacity of electricity to the grid within the next June 24, ahead of Eid-ul-Azha. Currently, the plant is supplying a maximum of 200 MW of electricity.
Electricity Supply from Adani’s Power Plant Disrupted
June 8, 2023
The electricity supply from Indian Adani Group's Godda 1600MW Thermal Power Plant to Bangladesh was disrupted due to a transmission line fault, worsening the country's ongoing power crisis. Bangladesh had been relying on increased power imports from the plant to bridge the widening demand-supply gap caused by the closure of the Payra power plant due to fuel shortages.
Power Sector Grapples with Record-Breaking Load Shedding
June 7, 2023
The power sector in Bangladesh is facing a severe energy crisis, with high rates of load shedding throughout the day due to insufficient production to meet the demand. In a span of just four days (3 June -6 June 2023), the record for maximum load shedding was broken three times, reaching up to 20-22% of total demand during peak periods.
Rising Load shedding Spurs Surge in Generator and IPS Prices
June 7, 2023
In response to prolonged load shedding causing inconvenience to the population, the prices of IPS and generators have seen a substantial increase. Complications in importing via LC have restricted supply, driving up demand and forcing traders to sell at higher prices. The country's largest IPS and generator market, Nawabpur Road Market, has witnessed significant price hikes.
Power Outages Persist as Over half of Power Plants Face Issues
June 7, 2023
With 49 out of 153 power plants in Bangladesh operating at full capacity, the country is grappling with ongoing power outages exacerbated by scorching summer temperatures. Maintenance and fuel shortages have forced the closure of 53 additional plants, totaling 4,930 megawatts of capacity.
Lay’s chips to be produced in Bangladesh
June 7, 2023
Lay's, the beloved potato chips brand from PepsiCo, has launched the transformative "Lay's Make In Bangladesh" initiative in partnership with Transcom Consumer Products Ltd, demonstrating its steadfast dedication to Bangladesh. This initiative marks a momentous milestone as Lay's proudly pioneers the local production of its iconic potato chips in Bangladesh.
Related News
1320 MW Banshkhali Power Plant Set to Boost National Grid
June 8, 2023
S Alam Group's 1320 MW Banshkhali power plant is set to contribute more electricity to the national grid in Bangladesh. According to a press release from the group, the SS Power Plant, located in Banshkhali, Chattogram, is expected to provide its maximum capacity of electricity to the grid within the next June 24, ahead of Eid-ul-Azha. Currently, the plant is supplying a maximum of 200 MW of electricity.
Electricity Supply from Adani’s Power Plant Disrupted
June 8, 2023
The electricity supply from Indian Adani Group's Godda 1600MW Thermal Power Plant to Bangladesh was disrupted due to a transmission line fault, worsening the country's ongoing power crisis. Bangladesh had been relying on increased power imports from the plant to bridge the widening demand-supply gap caused by the closure of the Payra power plant due to fuel shortages.
Power Sector Grapples with Record-Breaking Load Shedding
June 7, 2023
The power sector in Bangladesh is facing a severe energy crisis, with high rates of load shedding throughout the day due to insufficient production to meet the demand. In a span of just four days (3 June -6 June 2023), the record for maximum load shedding was broken three times, reaching up to 20-22% of total demand during peak periods.
Rising Load shedding Spurs Surge in Generator and IPS Prices
June 7, 2023
In response to prolonged load shedding causing inconvenience to the population, the prices of IPS and generators have seen a substantial increase. Complications in importing via LC have restricted supply, driving up demand and forcing traders to sell at higher prices. The country's largest IPS and generator market, Nawabpur Road Market, has witnessed significant price hikes.
Power Outages Persist as Over half of Power Plants Face Issues
June 7, 2023
With 49 out of 153 power plants in Bangladesh operating at full capacity, the country is grappling with ongoing power outages exacerbated by scorching summer temperatures. Maintenance and fuel shortages have forced the closure of 53 additional plants, totaling 4,930 megawatts of capacity.
Lay’s chips to be produced in Bangladesh
June 7, 2023
Lay's, the beloved potato chips brand from PepsiCo, has launched the transformative "Lay's Make In Bangladesh" initiative in partnership with Transcom Consumer Products Ltd, demonstrating its steadfast dedication to Bangladesh. This initiative marks a momentous milestone as Lay's proudly pioneers the local production of its iconic potato chips in Bangladesh.