17th January 2020
EP Report

The system loss of the government's largest gas transmission and distribution company, Titas, has increased five times to around Tk 7.7 billion in the 2018-19 fiscal year (FY).

 

The "acceptable" system loss should have been worth Tk 2.38 billion, according to the actuary constants that helped Titas make the financial report of the year.

 

In the report cleared in Titas' annual general meeting on December 22, Z Halim & Associates said the government lost more than Tk 5.31 billion in revenues to the "additional" system loss. It cited "illegal use" of gas through "unregistered or illegal connections" as the "possible reason" behind the loss of gas or revenue.

 

The Anti-Corruption Commission (ACC) in a recent report also identified illegal connections as the most prominent source of graft among 22 fields of irregularities in the utility agency.


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