Indo-Bangla Friendship Pipeline (IBFPL) will carry fuel from Assam-based Numaligarh Refinery Ltd’s (NRL) marketing terminal at Siliguri in West Bengal. The 130-km long project is constructed at a cost of Rs 377.08 crore, is likely to be commissioned by February 2023.
The mechanical works of the bilateral project, being funded by India, was completed on December 12 last year.
The ground breaking ceremony for the 130-km IBFPL was held in September 2018 in the presence of Prime Ministers of India and Bangladesh through video conferencing.
The IBFPL has been successfully implemented because of the true friendship between India and Bangladesh, and it will remain as a testimony of best relationship between the two South East Asian nations, she added.
Indian Prime Minister Narendra Modi in his meeting with Hasina in 2017 had agreed to finance this pipeline with a capacity of one million metric tonne per annum (MMTPA).
The total project cost for construction of the IBFPL is Rs 377.08 crore. Out of this, NRL’s investment is Rs 91.84 crore for the India portion of the pipeline, while the remaining Rs 285.24 crore for Bangladesh portion is being funded by the Indian government as grant-in-aid.
According to a recent report, prepared by Assam Assembly on the visit of a delegation of the legislators to the neighbouring country, Bangladesh will start importing gas and oil from NRL later this year.
The delegation met Bangladesh Prime Minister Sheikh Hasina, who said that “importing fuel oil from India through pipeline” will start from this year, it added.
NRL and BPC had in April 2017 inked a long-term agreement for selling High Speed Diesel (HSD) from India to Bangladesh through the IBFPL.
Later in October of the same year, the state-run NRL signed another 15-year agreement with the BPC for export of gas oil (diesel) to the neighbouring nation.
In NRL, Oil India Ltd has 69.63 per cent stake, while Assam Government and Engineers India Ltd have 26 per cent and 4.37 per cent holding respectively.
