Karnaphuli Gas Distribution Company Limited Explained

Karnaphuli Gas Distribution Company Limited
Abbreviation:KGDCL
Formation:2010
Type:Government organization
Status:Company
Purpose:Distributing Natural Gas
Headquarters:Chattogram, Bangladesh
Location:137/A, CDA Avenue, Sholashahar, Chittagong, Bangladesh
Region Served:Bangladesh
Language:Bengali
Leader Title:Managing Director
Main Organ:Board
Parent Organization:Petrobangla
Website:Karnaphuli Gas Distribution Company Limited

Karnaphuli Gas Distribution Company Limited is a Bangladesh government owned major gas distribution company that is responsible for distributing gas in Chittagong District and the Chittagong Hill Tracts.[1] [2] It has authorized capital of One Thousand Crore taka. As of 2022, they employed 410 staff and served 0.59 million domestic, 2884 commercial, and 1447 industrial customers.

History

Karnaphuli Gas Distribution Company Limited was established on 8 February 2010 by the Government of Bangladesh as a Joint Stock company. Its starting authorized capital was 30 million taka.[3] which is now 10,000 million taka. It started its revenue collection from July 2010. In 2018, the company bought the first Liquefied Natural Gas shipment in Bangladesh from Qatar and planned to distribute it in Chittagong City.[4]

Notes and References

  1. Web site: Historical Background . Karnaphuli Gas Distribution Company Limited . 15 August 2019.
  2. News: Chattogram gas supplies resume after three days . 15 August 2019 . bdnews24.com.
  3. Web site: Karnaphuli Gas Distribution Company Limited (KGDCL) . mpemr.gov.bd . 15 August 2019 . en.
  4. News: LNG Carrying Ship Hits The Country . 15 August 2019 . Energy Bangla . 24 April 2018.