Energy Division is limping with its development projects under different funding schemes as it made 7.42 per cent progress in the project implementation in the first five months of the financial year 2017-18.
Three state-run enterprises under the energy division spent Tk 331.30 crore until November 30 against an allocation of Tk 4,462.36 crore for the current financial year, according to an energy division report on the project implementation progress.
The report was prepared for a review meeting held on December 28 with state minister for power, energy and mineral resources Nasrul Hamid in chair.
The projects are related to exploration and extraction of natural gas and mineral resources and storage, transmission and distribution of natural gas and fuel oils for sustaining smooth supply of primary energy across the country.
At the meeting, Nasrul came down heavily on the officials concerned due to poor progress in the project implementation when the energy division secretary Nazimuddin Chowdhury cited different reasons behind the delay, said officials.
He said the ministry officials were there not for only citing excuses but also for solving them to expedite the project implementation pace, they said.
When contacted, Nasrul on Tuesday declined to comment on the matter.
Petrobangla, the state-run Oil, Gas and Mineral Resources Corporation, BPC, the Bangladesh Petroleum Corporation, and GSB, the Geological Survey of Bangladesh, made 9.19 per cent progress in implementing their 13 projects under the government’s Annual Development Programme from July to November in 2017 while the progress was 16.89 per cent in the same period of time in the previous year.
Petrobangla, BPC and GSB managed to spend Tk 135.48 crore in the five months of the financial year against an allocation of Tk 1,473.66 crore under ADP, according to the energy division report.
Petrobangla and BPC made 8.31 per cent progress in implementing their 24 self-financed projects as they spent Tk 174.80 crore in the five months against an allocation of Tk 2,103.10 crore.
The worst performance was shown by Petrobangla in implementing its 15 projects with financing from the Gas Development Fund as it made 2.37 per cent progress by spending Tk 21.02 crore in the five months against an allocation of Tk 885.60 crore, the report showed.
In August 2009, the Bangladesh Energy Regulatory Commission created the development fund through an 11.22 per cent hike in gas prices to increase the financial capacity of state-run oil and gas exploration companies. Now about Tk 1,000 crore is contributing to the fund.
The Petrobangla projects included drilling of 16 exploration wells in different gas structures, six appraisal cum development wells and 11 workover (overhauling) wells in different gas fields, two and three dimensional seismic survey in prospective gas structures and gas fields, procurement of gas well drilling rig and equipments, installation of six compressors to enhance gas transmission pressure and installation of a number of gas transmission pipelines.
The BPC projects included installation of Single Point Mooring with double pipelines, construction of 14 petroleum storage tanks with other facilities, project management consultancy services and Freed Services for installation of second unit of oil refinery and feasibility study for installation of a pipeline to transport fuel oils from Chittagong to Dhaka.
The GSB ran only one project in the current financial year and this was to explore the presence of valuable minerals in the country’s river sands and assess the value of the minerals.
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