Zia fertiliser to seek Tk 330m for first phase BMRE
Tuesday, 19 June 2007
Naim-Ul-Karim
The government has finalised work schedule for implementation of the first phase of 'Balancing, Modernisation, Rehabilitation and Expansion (BMRE) of Zia Fertiliser Company Ltd (ZFCL).
It has taken the BMRE scheme for the ZFCL and the Jamuna Fertiliser Factory Company Ltd to boost their urea production capacity. The BMRE of the two factories will cost Tk 30 billion.
The Executive Committee on National Economic Council (ECNEC) at a meeting in March last approved the scheme and included the scheme in the Annual Development Programme (ADP) for fiscal 2007-08.
"We will send the work schedule to the authority concerned by June 21 seeking Tk 330 million for implementation of the first phase of BMRE of ZFCL during the next fiscal 2008-09," ZFCL managing director Osman Ghani, told the FE Monday.
The implementation of the BMRE in phases will be completed by next two to three years to keep production in ZFCL uninterrupted through proper maintenance.
Osman Ghani said: "We have already started some maintenance work to avoid disruption of production after working out a work schedule."
No major maintenance work has been carried out since the Foster Wheeler of the UK established the Zia Fertiliser Company in 1981, sources said.
They said the BCIC, if needed, will seek technical and logistic support from the company during the implementation of the BMRE.
The sources also said the government will finance from its own fund for implementation of the project.
There is no alternative to start maintenance work immediately to keep production going as operation in some units of the ZFCL is being affected due to fault in machinery, sources said.
When asked, Ghani said despite frequent disruption in production the company is expected to achieve 95 per cent of present production target.
Currently, the country has an annual demand for about 28,50,000 tonnes of urea fertiliser, while the six factories can produce a total of about 18,50,000 tonnes.
Of which, the ZFFL can produce about 1300 tonnes of urea fertiliser daily against its installed capacity to produce 1369 tonnes, sources said.
The government has finalised work schedule for implementation of the first phase of 'Balancing, Modernisation, Rehabilitation and Expansion (BMRE) of Zia Fertiliser Company Ltd (ZFCL).
It has taken the BMRE scheme for the ZFCL and the Jamuna Fertiliser Factory Company Ltd to boost their urea production capacity. The BMRE of the two factories will cost Tk 30 billion.
The Executive Committee on National Economic Council (ECNEC) at a meeting in March last approved the scheme and included the scheme in the Annual Development Programme (ADP) for fiscal 2007-08.
"We will send the work schedule to the authority concerned by June 21 seeking Tk 330 million for implementation of the first phase of BMRE of ZFCL during the next fiscal 2008-09," ZFCL managing director Osman Ghani, told the FE Monday.
The implementation of the BMRE in phases will be completed by next two to three years to keep production in ZFCL uninterrupted through proper maintenance.
Osman Ghani said: "We have already started some maintenance work to avoid disruption of production after working out a work schedule."
No major maintenance work has been carried out since the Foster Wheeler of the UK established the Zia Fertiliser Company in 1981, sources said.
They said the BCIC, if needed, will seek technical and logistic support from the company during the implementation of the BMRE.
The sources also said the government will finance from its own fund for implementation of the project.
There is no alternative to start maintenance work immediately to keep production going as operation in some units of the ZFCL is being affected due to fault in machinery, sources said.
When asked, Ghani said despite frequent disruption in production the company is expected to achieve 95 per cent of present production target.
Currently, the country has an annual demand for about 28,50,000 tonnes of urea fertiliser, while the six factories can produce a total of about 18,50,000 tonnes.
Of which, the ZFFL can produce about 1300 tonnes of urea fertiliser daily against its installed capacity to produce 1369 tonnes, sources said.