ET Report
The power and energy ministry has taken a move to formulate a policy for the public-private joint venture to develop gas and coal fields on a ‘fast track’ basis. ‘The main aim of the policy will be to allow Petrobangla to form joint ventures with local private sector or foreign companies to develop gas and coal fields. The gas and coal fields cannot be developed quickly at present because of the existing procurement rules,’ sources said. Petrobangla prepared and placed a draft joint venture policy on Thursday as per the ministry’s directive at an inter-ministerial meeting, headed by the adviser to the prime minister Tawfiq-e-Elahi Chowdhury.
Source: Weekly Economic Times, Bangladesh
Link: http://weeklyeconomictimes.com/news-details.php?recordID=3581
Date: 05 April 2009
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