Tk 210cr project for biogas plants

The government has approved a nearly Tk 210 crore project to establish 64,000 biogas plants to generate renewable energy in rural areas.

The energy will be used for cooking and electricity generation, according to the project, which received the nod from the Executive Committee of the National Economic Council yesterday.

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The project will be implemented in all districts by December 2023.

Bangladesh has set up more than 83,000 biogas plants, generating 0.69 megawatts of electricity. 

BTRC moves to audit Banglalink

The Bangladesh Telecommunication Regulatory Commission (BTRC) has selected a firm to audit Banglalink, the country's third-largest mobile network operator in terms of subscriber base.

Masih Muhith Haque & Co has been selected to conduct the audit at a cost of Tk 8.75 crore.

An agreement to this effect was signed yesterday.

BTRC Vice Chairman Subrata Roy Maitra said the audit will aim to find out whether the operator has complied with commission's directives or evaded any government revenue.

According to the Telecommunications Act, there is a provision to audit network operators to find out whether they are properly following BTRC regulations.

In light of this, the audits of Grameenphone and Robi have already been completed.

Desh General Ins profit rises

Desh General Insurance Company posted 11 per cent higher profit in 2020 compared to a year ago. 

In  a regulatory filing on the website of the Dhaka Stock Exchange  yesterday, the company said it reported earnings per share of Tk 1.51  last year, against Tk 1.36 a year ago. 

This took the company's profit Tk 6.04 crore, compared to Tk 5.44 crore in 2019.

The  net asset value (NAV) per share rose to Tk 11.93 in comparison to Tk  11.62 in 2019. The net operating cash flows per share (NOCFPS) increased  to Tk 2.08 from Tk 1.52.

The board recommended a 10 per cent cash dividend for the year.

The insurer also published the unaudited financial statements for the first and the second quarters of 2021.