Date:22/03/2005 URL: http://www.thehindubusinessline.com/2005/03/22/stories/2005032201610200.htm

Back GAIL to undertake pipeline projects in Bangladesh

Our Bureau

New Delhi , March 21

GAIL (India) Ltd has signed a memorandum of understanding with Business Development Corporation Ltd (BDCL), Bangladesh, for joint cooperation in gas transmission, pipelines and distribution networks in that country.

As per the MoU, GAIL will undertake gas pipeline projects on build own operate and transfer (BOOT) basis or any other basis as offered by the Government of Bangladesh or the authorised agencies in Bangladesh. BDCL will offer services for implementation of projects and provide support and coordination in obtaining all statutory clearances and approvals required for such projects.

The MoU was signed by Mr. B S Negi, Director (Planning), GAIL, and Mr A. K.M. Ruhul Amin, Group Vice-President, BDCL, in the presence of Mr Proshanto Banerjee, Chairman and Managing Director, GAIL. Both the companies will jointly identify exploration and production opportunities in Bangladesh. BDCL will develop business opportunities involving GAIL's expertise in gas transmission, distribution and marketing for other private and public sector companies in Bangladesh.