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General Politics / tory burch shoes sale yy
« on: August 19, 2012, 12:42:04 pm »
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DHAKA, Jan. 12 () -- In an apparent move to lighten the burden of state-owned oil import agency, the Bangladeshi government for the first time has permitted the country's over a dozen private power producers to import fuel on their own, an official said Thursday.State-owned Bangladesh Petroleum Corporation (BPC) is now the country's lone importer and distributor of petroleum products.A meeting of the Bangladeshi government's Cabinet Purchase Committee Wednesday approved the proposal of the Power Division for allowing the independent power producers to meet the demand for petroleum products of the oil-guzzling quick rental power plants, said the cabinet division official who preferred to be unnamed.He said although the private producers will require to pay 9 percent service charge in addition to import duties and other levies for fuel import but they will enjoy the existing subsidy provided by the government.As the current Bangladeshi government encouraged installation of quick rental power plants driven by fuel oils to improve nagging electricity situation, the private producers established 16 rental and quick rental power plants over the last few years with a total power generation capacity of 1,372 megawatts, which are mostly run on oil and diesel.Nineteen more such power plants with a total generation capacity of 2,120 megawatts of electricity are also reportedly set to come into operation by next year.Quoting officials, leading local English newspaper New Age reported on Wednesday that Bangladesh's Power Division was forced to take such a decision as the BPC showed unwillingness to continue with fuel oil import as well as maintaining the oil storage facilities.Besides, it said the cash-strapped BPC is facing problems to foot the growing oil import bills.According to the report, the Bangladeshi government has already made upward price adjustments of fuel oils thrice in the current fiscal year 2011-12 (July 2011-June 2012). Yet, it said the projected losses of the BPC in this fiscal year will amount to around 100 billion taka.The country's fuel oil consumption had been hovering around 3 million tones a year until it jumped to 4.8 million tones in the last fiscal year, said the report, adding that the amount is likely soar to 6.8 million tones in the current fiscal year.Power Division officials said the rental power plants required 500 tones of furnace oil a day for generating 100 megawatts of electricity.According to the report, the government's move on establishing quick rental power plant has been widely criticized as the present government could have made a significant progress by now in establishing low-cost power plants. The critics pointed out that the government was focusing more on expensive power plants which proved too costly for the economy, it said.They said the country's macro-economy was now under severe strain due to the huge import liability of fuel oils for the quick rental power plants.Energy-starved Bangladesh's fuel import bill surged over 101 percent year on year to 1.195 billion U.S. dollars in the first quarter of the current 2011-12 fiscal year, as the country becomes more reliant on the natural resources in the wake of insufficient and unreliable electricity, showed the recent Bangladesh Bank (BB) data.Bangladesh's all power plants are currently generating around 4, 500 MW power per day against a peak demand of about 5,600 MW, a Bangladesh's Power Development Board official said, adding that some power plants are generating far less than their capacity due to inadequate gas supply.
ADEN, Yemen, Nov. 24 () -- Armed tribesmen released Thursday three Red Cross workers including a French national, who were kidnapped earlier this week in Yemen's southern province of Lahj, a security official said.A French woman of Moroccan origin working for the International Committee of the Red Cross along with another staff member and their Yemeni driver were released this morning, the local security official told  on condition of anonymity."Military officials and powerful tribesmen conducted negotiations with the kidnappers and secured the release of the French woman along with the Yemeni workers," he said.A group of armed tribesmen intercepted a vehicle from the Red Cross organization on Tuesday evening and kidnapped the three people aboard, who were delivering food to refugees in the Musimeer district in Lahj.Yemen has long suffered from a common phenomenon of kidnapping foreigners by powerful tribesmen to press the government to meet their demands, including releasing jailed clansmen.
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