Titas Gas Transmission and Distribution Company Limited has undertaken two new projects to bring 17.50 lakh additional household gas consumers under the prepaid metering system in the next five years.
The costs of the projects have been estimated at Tk6,234 crore, of which Tk4,664 crore will be provided by the World Bank and the Asian Development Bank (ADB).
Once completed, the prepaid metering coverage for household users of the state-owned company will reach 81.79%, according to Titas officials.
The officials said the number of Titas' household connections is about 26.63 lakh. Around 8,600 meters have already been installed with ADB financing.
Additionally, 320,000 prepaid meters have been installed under an ongoing project funded by the Japan International Cooperation Agency (Jica). Now, under the ongoing project with Jica loan assistance, another 1 lakh pre-paid meters are being installed, the officials added.
The new projects are awaiting approval by the Planning Commission.
