Saturday, October 30, 2010

Country gets new gas industry

At a time when investors are complaining about lack of investment climate, the country is ready with the 27th cooking gas industry — Sugam Gas Industry.
"Sugam Gas Industry -- with Rs 250 million investment -- is planning to distribute its gas in the market from November 1," said the chairman of the company Shiva Prasad Ghimire.
"Out of the total investment Rs 120 million is loan from Himalayan Bank Ltd," he added.
Learning the lessons from the past strikes and high-way bandh, the industry is located at the distance of 14-km at Khanikhola, Dhading from Thankot, the entry point of the Kathmandy Valley. "The industry targets to serve the Valley and surrounding areas," he said.
"If operated smoothly according to its capacity, the industry will contribute Rs 30 million to the government coffer in a year," according to Ghimire.
The country has imported 141,171 metric tonnes of LPG -- popularly known as cooking gas -- in the fiscal year 2009-10, whereas it had imported 115813 metric tonne of gas In the fiscal year 2008-09, according to the Nepal Oil Corporation (NOC).
There are around five gas industries still in pipeline as the demand of cooking gas in increasing.
With increasing population, the Valley consumes 1,00,000 cylinder of gas in a month and out of the total consumption, around 60 per cent is consumed in the Valley alone, he said, adding that the industry plans to provide the Valleyiets with regular supply of cooking gas in safe cylinder from its industry that has the latest technology.
"We have given much priority to security -- from before filling the gas cylinders till it reaches to the consumers' household -- and regular supply, Ghimire said, adding that the industry has also insured the largest amount of Rs 1.5 million for the consumers in case of gas cylinder related accident.
The industry with the storage capacity of 1,650 metric tonne -- the largest storage capacity among the gas industries -- including cylinders is spread in 20-ropani area of land, it claims. "The industry that aims to serve around 25 per cent of the market -- employes 100 people directly and around 500 indirectly."

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