India-Bangladesh Friendship Pipeline to be jointly inaugurated by PM Modi and Sheikh Hasina
Tags: International News
Indian Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina will inaugurate the India-Bangladesh Friendship Pipeline through video conference on March 18, 2023.
An Overview of the News
The India-Bangladesh Friendship Pipeline is a proposed 130 km long pipeline for high-speed diesel transport from Siliguri in India to Parbatipur in Bangladesh.
Maitri Pipeline is the first cross-border energy pipeline between India and Bangladesh with an estimated cost of Rs 377 crore.
The pipeline has a capacity to transport 1 million metric tonnes per annum (MMTPA) of high-speed diesel (HSD), and will be constructed by India's Numaligarh Refinery Limited (NRL) at an estimated cost of USD 1.6 billion.
Initially, the pipeline will supply high-speed diesel to seven districts in northern Bangladesh.
The operationalization of the India-Bangladesh Friendship Pipeline will provide a sustainable, reliable, cost-effective and environment-friendly mode of HSD transportation from India to Bangladesh.
The pipeline will enhance cooperation in energy security between India and Bangladesh.
This is part of the Memorandum of Understanding (MoU) signed between India and Bangladesh in April 2017 to strengthen cooperation in the energy sector.
The pipeline will help Bangladesh meet its growing energy demand and reduce its dependence on imported fuel, while providing an opportunity for India to expand its energy exports to neighbouring countries.
Prime Minister - Sheikh Hasina
Currency - Bangladeshi Taka
Capital - Dhaka
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