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Thursday, October 1, 2015, Aswin 16, 1422 BS, Zilhaj 16, 1436 Hijr

Pvt Sector Power Plant
Owners now free to import required fuel oil: Nasrul 
Jannatul Ferdousy
Published :Thursday, 1 October, 2015,  Time : 12:00 AM  View Count : 35

The government has decided not to import fuel oil for the private power sector but will float open tender for importing 25 per cent of the fuel requirement for next year.
To execute the plan the Bangladesh Petroleum Corporation (BPC) has to change the existing fuel import policy. A BPC official said the government has to draft a policy on importing fuel oil. Presently, seven private power plant owners are importing their requirement of furnace oil on private initiative.  State Minister for Power, Energy and Mineral Resources Nasrul Hamid said, "BPC will not do the additional work for the private sector, if the private sector desires to import fuel we will approve."
Besides, next year BPC will import only 20 to 25 per cent of the required fuel oil through open tender on an experimental basis, he added.
But, the BPC official opposed the decision of importing furnace oil by the private sector.  The BPC has already increased its stock in the last few years. Beside, BPC has built a network to supply fuel oil to the power plants on time. So, it will not be wise to give the private sector the authorization to import fuel oil.
Earlier, the government approved seven private rental and quick rental power plants for importing furnace oil privately.
Since, the global oil price has fallen, the cost of per unit stands at Tk 7 to Tk 8. But the private power producers are buying the same at a rate of Tk 14 to Tk 16 now.  An official of the Energy Division said to remove this discrimination. A decision has been taken to leave it up to the private sector to import furnace oil to feed their power plants. If owners are interested BPC will not have to import furnace oil by next July. The Cabinet committee on purchase refused to import 4.80 lakh tones of furnace oil this month. Director of BPC Moslehuddin said, "Generally BPC fixes the demand in November for the next year and imports oil in December and July with the approval of the Cabinet."
Moreover, there are complaints from the owners about the quality of BPC imported oil. If the private sector imports oil the cost will be at international market rate and the government will be benefited by importing oil through open tender, he said.

Editor : Iqbal Sobhan Chowdhury
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