Wednesday | 15 January 2025 | Reg No- 06
বাংলা
   
Wednesday | 15 January 2025 | Epaper

Jalalabad Gas, LafargeHolcim extends gas sales deal

Published : Sunday, 22 December, 2024 at 12:00 AM  Count : 379
Business Correspondent
Jalalabad Gas Transmission and Distribution System Ltd. (JGTDS) and LafargeHolcim Bangladesh PLC (LHB), signed an agreement between the two sides, to extend the existing Gas Sales Agreement (GSA) effective from January 17, 2026. 

The agreement was signed at a meeting held at the Ministry of Energy and Mineral Resources on Wednesday (December 18, last) after the  parties agreed in principle to extend the existing gas distribution deal.

Presided over by Power, Energy and Mineral Resources Adviser to the Bangladesh Interim Government, Muhammad Fouzul Kabir Khan, the meeting was attended by Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun; Energy and Mineral Resource Secretary Mohammad Saiful Islam; Petrobangla Chairman Zanendra Nath Sarker and Assistant Attorney General Arif Khan from the government side while from LafargeHolcim Bangladesh Chairman Christof Hassig, CEO Iqbal Chowdhury, Director Strategic Projects & Company Secretary Kazi Mizanur Rahman and Corporate Affairs GM Sarker Shoeb Ahmed were also present.

The in principle agreed extension of the existing GSA reflects the mutual commitment of both the Government of Bangladesh and LafargeHolcim Bangladesh PLC to continue their collaboration. 

The gas supplied under the GSA is crucial for LafargeHolcim's Surma Plant in Chhatak, the only integrated cement plant in Bangladesh that produces Clinker, Cement and Aggregates. The plant sources limestone from its own quarry in Meghalaya, India, transported via a 17 kilometer long cross-border conveyor belt.

On this occasion, Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of BIDA and BEZA remarked, "Foreign investors like LafargeHolcim are crucial drivers of economic growth. Fast-decisive steps in such instances portray our intention to support the business community. We are open for business."

Expressing gratitude, Chistof Hassig said: "We are very thankful to the Government of Bangladesh. The authority has resolved the long-pending issue with utmost priority, which portrays their support towards Foreign Direct Investment in Bangladesh."

The extension of the GSA signifies a continued partnership aimed at supporting sustainable industrial growth and enhancing investor confidence in Bangladesh's economic landscape.


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