The New Nation - Internet Edition

NATION BUSINESS REPORT

Bakhrabad Gas Systems Limited (BGSL) earned a net profit of Tk 589.42 crore during the financial year 2007-08. The company earned total revenue of Tk 1460.02 crore by selling 2826.75 million cubic meter of gas and paid Tk 649.65 crore to the government exchequer.

It was disclosed at the 28th Annual General Meeting of the company held on November 30 last, which was presided over by Md Wahidunnabi Choudhury, Additional Secretary, Energy and Mineral Resources Division and Chairman, BGSL Board of Directors.

The company has surpassed its target set for pipeline construction and gas connection during the FY2007-08. BGSL constructed a total of 227.38 kilometers of network pipeline during the year, which is 29.93 percent higher than the target.

BGSL provided a total number of 38,514 gas connections as against the target of 28,385 since its inception, the total length of pipeline stood at 6091.50 kilometer and cumulative gas connections stood at 4,33,887 numbers.

The company has set a future target for constructing 150 km network pipeline and to provide 25,000 new gas connections during the next financial year. Keeping pace with present development trend, necessary actions have been taken to facilitate gas supply to Karnaphuli and Korean EPZ at Chittagong, four small power stations under private sector at different locations in BGSL franchise area. In addition, necessary steps have been taken to supply gas to 150MW Shikalbaha Power Station and 150MW Chandpur Power Plant of Bangladesh Power Development Board. With the completion of aforesaid projects gas supply in BGSL franchise area will be increased and simultaneously the company's revenue earning will also be enhanced accordingly.