New Delhi: Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina will inaugurate the India-Bangladesh Friendship Pipeline tomorrow evening via video-conference.
This is the first cross border energy pipeline between India and Bangladesh, built at an estimated cost of INR 377 crore, of which the Bangladesh portion of the pipeline built at a cost of approx. INR 285 crore, has been borne by the Government of India under grant assistance, an official statement said.
The Pipeline has a capacity to transport 1 Million Metric Ton Per Annum (MMTPA) of High-Speed Diesel (HSD). It will supply High Speed Diesel initially to seven districts in northern Bangladesh.
The operation of India- Bangladesh Friendship Pipeline will put in place a sustainable, reliable, cost-effective and environment friendly mode of transporting HSD from India to Bangladesh and will further enhance cooperation in energy security between the two countries, it added.
The pipeline will run from the Siliguri-based marketing terminal of the Numaligarh Refinery Limited (NRL) to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).
Currently, Bangladesh imports a significant amount of fuel from Singapore and the Middle East. The pipeline is set to provide a cost-effective alternative for Bangladesh.