Titas Gas faces major challenge in service delivery with 7% system loss
“Some 7 percent system loss means the organisation loses Tk 150-180 crore per month in revenue,” said Shahnewaz Parvez, the new managing director of the Titas Gas PLC
With a 7% system loss, the new management of the Titas Gas Transmission and Distribution Company has been facing the biggest challenge in its service delivery.
"Some 7% system loss means the organisation loses Tk150-180 crore per month in revenue," said Shahnewaz Parvez, new managing director of the company.
"It means, the state-owned gas distribution entity can save Tk1,800-2,160 crore a year if such a huge system loss is checked," he told UNB.
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Among the six gas distribution companies, Titas Gas is the oldest and largest both in terms of its operational area and volume of natural gas sales.
As per the official statistics, Titas Gas, invented in 1964, alone holds 55% of the gas market share, while the other five companies have 45%.
Titas Gas supplies gas to over 2.878 million consumers, including some 2.853 million household consumers, 12,078 commercial consumers, 5,429 industrial consumers, 1,755 captive power plants, and 396 CNG stations.
Its vast operational area covers Dhaka, Manikganj, Gazipur, Narayanganj, Munshiganj, Narsingdi, and Mymensingh.
It annually sells about 14,459.41 MMCM (million cubic meters) of gas (2021-23 fiscal years), to earn a revenue of Tk26,387.12 crore.
After the fall of the Awami League regime, the power, energy and mineral resources ministry also brought changes in Titas management as it was one of the "most corrupt" organisations where the previous managing director Harunor Rashid Mollah was appointed on a contractual basis.
One of the major allegations against the old management was that it did not take adequate actions against the illegal connections, which ultimately increased the system loss of Titas Gas from 2% in 2021-22 to 7% in 2024-25 fiscal years.
Upon assuming office as managing director, Shahnewaz Parvez, who previously served as the managing director of GTCL, another Petrobangla company, took action against illegal gas connections.
Within one month, he said, Titas Gas had disconnected over 4,000 household connections and more than 90 industrial connections, primarily in Keraniganj, Narayanganj, Munshiganj, and Rupganj.
