The first-ever cross-border energy pipeline between Bangladesh and India will be inaugurated on Saturday afternoon.
Bangladesh's Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi will inaugurate the "India-Bangladesh Friendship Pipeline" via video conference at 5pm, according to a press release issued earlier by Indian Prime Minister's Office
The Bangladesh Petroleum Corporation, the lone state-owned importer of fuel oil, plans to import around 2-3 lakh tonnes of fuel through the pipeline annually.
The 130-kilometre first ever cross border energy pipeline between India and Bangladesh was built at an estimated cost of INR377 crore. The Bangladesh portion of the pipeline built at a cost of INR285 crore (approx.) has been borne by the Indian government under its grant assistance.
The Pipeline has the capacity to transport one million metric ton per annum (MMTPA) of High-Speed Diesel (HSD). It will supply High-Speed Diesel initially to seven districts in northern Bangladesh.