| |
| | |  Advertisement | | |
| |
October 04, 2007 14:08 IST
Bangladesh has ruled out any immediate decision on the proposed $2.5 billion investment by Tata Group, saying it was yet to get a clear picture on the country's gas reserve to guarantee supply to the Indian conglomerate.
"One of the issues closely related to the Tata investment [Get Quote] is the gas reserve as its proposal tags the uninterrupted supply of gas to Tata project for several years . . . It is not possible to take a decision as we don't have any concrete data about the actual gas reserve," Commerce Adviser Mirza A B Azizul Islam told reporters after a meeting with an Asian Development Bank [Get Quote] delegation.
"Before assessing the gas situation we cannot give a guarantee," he said.
When pointed out that the past Bangladesh Nationalist Party government of Khaleda Zia had the gas issue analysed by experts, Islam said "different experts have different assessments. A local expert has one version while a foreign expert has another version".
The proposal of Tata and and Asa Energy and coal mining company is awaiting the government nod since 2005.
The Tata proposal became uncertain after it demanded gas supply guarantee for 10 years, and made a gas tariff offer which the state-run regulatory Petrobangla rejected.
© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|
| |
Email this Article 
Print this Article