Development Board (BPDB), BPC officials alleged. BPC is paying demurrage to foreign ship MT. Chemtrans Rouen at $18,000 a day since March 26, 2015 as around 22,000 metric tonnes of furnace oil imported for the BPDB is yet to be unloaded from the vessel. BPC Chairman AM Badruddoja has sought compensation from BPDB as they are yet to pay the outstanding demmurage to different foreign fuel supply companies for the delay in unloading the fuel. The BPC chief told daily sun that they have sent an official letter to the BPDB to unload the petroleum fuel. The avoidable loss of BPC has been increasing day by day as Bangladesh Power Development (BPDB) continues to making delay in unloading petroleum fuels from ships, he added. The BPDB, however, has blamed the BPC for the stockpile of imported fuel as the state-run agency itself has allowed four private power sponsors to import their fuel by their own, resulting in a significant fall in demand of fuel imported by the BPC. In March, the BPDB received only 47,972 metric tonnes of furnace oil from the BPC against the requisition of 96,098 metric tonnes, BPC Chairman AM Badruddoja informed the BPDB chairman. He said the BPDB received only 42.1 percent of furnace oil against the requisition in March, 2015. He said the BPC is facing difficulties in storing the petroleum fuel imported for the BPDB. “The BPDB earlier has signed a deal to procure around 1.2 million tonnes of petroleum fuels from the BPC,” he added. BPDB officials said they have received a letter from the BPC seeking compensation over the unloading fuel. They said the BPC has already allowed four power sponsors including the Digital Power and Associates, IEL Consortium Limited, Dutch Bangla Power and Associates Ltd and Karaniganj Power Plant to import fuel by their own. “It’s their fault as they allowed the power plants to import fuel by their own,” he said. The BPC has already allowed series of private power sponsors to import fuel though it has been a profitable business of the state-owned corporation, insider said. Recently, the BPC proposed to the Energy and Mineral Resources Division for reviewing the permission for allowing fuel import by the private sponsors through the cabinet division. The BPC now pays nine percent service charges to the private sponsors to import fuels with exemption from tax and vat whereas the state-owned corporation pays Vat and other duties to import fuels. “Many high officials have already raised their voice against the move to allow private sponsors to import fuel,” insiders said, adding that a powerful business and political groups are out to grab the opportunity of fuel import by the private sector as it is millions of dollar business.
Friday, April 24, 2015
BPC faces $3m fine for delay in unloading imported fuel:Daily Sun
Development Board (BPDB), BPC officials alleged. BPC is paying demurrage to foreign ship MT. Chemtrans Rouen at $18,000 a day since March 26, 2015 as around 22,000 metric tonnes of furnace oil imported for the BPDB is yet to be unloaded from the vessel. BPC Chairman AM Badruddoja has sought compensation from BPDB as they are yet to pay the outstanding demmurage to different foreign fuel supply companies for the delay in unloading the fuel. The BPC chief told daily sun that they have sent an official letter to the BPDB to unload the petroleum fuel. The avoidable loss of BPC has been increasing day by day as Bangladesh Power Development (BPDB) continues to making delay in unloading petroleum fuels from ships, he added. The BPDB, however, has blamed the BPC for the stockpile of imported fuel as the state-run agency itself has allowed four private power sponsors to import their fuel by their own, resulting in a significant fall in demand of fuel imported by the BPC. In March, the BPDB received only 47,972 metric tonnes of furnace oil from the BPC against the requisition of 96,098 metric tonnes, BPC Chairman AM Badruddoja informed the BPDB chairman. He said the BPDB received only 42.1 percent of furnace oil against the requisition in March, 2015. He said the BPC is facing difficulties in storing the petroleum fuel imported for the BPDB. “The BPDB earlier has signed a deal to procure around 1.2 million tonnes of petroleum fuels from the BPC,” he added. BPDB officials said they have received a letter from the BPC seeking compensation over the unloading fuel. They said the BPC has already allowed four power sponsors including the Digital Power and Associates, IEL Consortium Limited, Dutch Bangla Power and Associates Ltd and Karaniganj Power Plant to import fuel by their own. “It’s their fault as they allowed the power plants to import fuel by their own,” he said. The BPC has already allowed series of private power sponsors to import fuel though it has been a profitable business of the state-owned corporation, insider said. Recently, the BPC proposed to the Energy and Mineral Resources Division for reviewing the permission for allowing fuel import by the private sponsors through the cabinet division. The BPC now pays nine percent service charges to the private sponsors to import fuels with exemption from tax and vat whereas the state-owned corporation pays Vat and other duties to import fuels. “Many high officials have already raised their voice against the move to allow private sponsors to import fuel,” insiders said, adding that a powerful business and political groups are out to grab the opportunity of fuel import by the private sector as it is millions of dollar business.
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