Originally Posted by manofwar
I never said that I have high IQ in Economics but your TATA toiled around for 3 years begging for
this "risky" and "unproductive deal". The economic analysts of the country were totaly against it
and yes they wanted subsidized uninterrupted supply of gas for 20 years. The subsidy was of Tk 1400 crore per annum. It was literally free. Also your TATA wanted complete ownership of Barapukuria coal mine for a petty 6% royalty. Even a complete novice citizen can understand the intention
of tata. That why there are economic analyst writing articles to make people understand
The Daily Star Web Edition Vol. 5 Num 688
The Daily Star Web Edition Vol. 5 Num 719
And BD was already running low on gas , so how could they have ensured uninterrupted supply
A quote from the article
Reserves of gas and coal
Since 2001, a number of gas reserve studies and long term forecasts of gas use have been made in Bangladesh. Petrobangla forecast for a 50-year demand in 2001 is around 62.9 Tcf compared to the proven and probable reserve of 11 Tcf .
In 2002, the government sponsored National Gas Reserve Study and utilisation plan indicates that by 2015 the existing reserve of about 15 Tcf would exhaust. Consequently, by 2016 import of gas would become necessary. The latest study by Messers Wood and Macanzie as 'Gas Sector Master Plan' 2005 is based on a proven and probable reserve of approximately 13 Tcf. From their assessment, the existing reserve of gas would start to decline fast from 2012 and perhaps by 2018 it will deplete completely, if new fields are not discovered. Incidentally, the present reserve is entirely dedicated to home consumption, mostly for power generation. If an arrangement is made now to set aside about 2.2 Tcf of gas for Tata's use, the decision will be suicidal for the nation. The country can ill afford such a plan to be executed by Tata. If the government still insists to provide gas to Tata, the amount of subsidy would be approximately Taka 27,000 crore at the present price in the country.