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Bangladesh Energy Regulatory Commission to bring gas sector under one Uniform System of Accounts

Bangladesh Energy Regulatory Commission is going to implement uniform accounting software for all companies in Gas Sector. They have recently signed an agreement with Divine IT Limited and Giga Tech Limited. Rubina Ferdoushy (Secretary, Admin & Law) and Iqbal Ahmed Fakhrul Hasan (Managing Director, Divine IT Limited) signed the contract for the respective organisation. Md. Abdul Jalil, Chairman of BERC and Samira Zuberi Himika, Managing Director of Gigatech Limited along with other officials were present in the ceremony,

BERC has been established through the Bangladesh Energy Regulatory Commission Act, 2003 (the Act), as an independent and impartial Commission for the energy sector. It is independent in the exercise of its functions that are in accordance with the provisions as laid down in the Act. The objective of establishing the Commission is to create an atmosphere conducive to private investment in the generation, transmission and distribution of electricity; transmission/transportation, distribution and marketing of gas and petroleum products, to ensure transparency in the management, operation and tariff determination in the energy sector, to protect consumers' interest and to promote the creation of a competitive market in the country. The BERC Uniform System of Accounts is a consolidating customised accounting system applicable for gas exploration, production, supply, transmission and distribution entities in Bangladesh such as Petrobangla, BAPEX, BGFCL, SGFL, RPGCL,  GTCL, TGTDCL, BGDCL, JGTDSL, KGDCL, PGCL  and SGCL.

Presently the gas sector entities are using the same form or other different accounting system and some have their own software. Considering these, the Commission has decided to engage a Consultant firm for the design, development and implementation of web-based software for Uniform System of Accounts for gas sector entities and training on that.

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BYTES

Bangladesh Energy Regulatory Commission to bring gas sector under one Uniform System of Accounts

Bangladesh Energy Regulatory Commission is going to implement uniform accounting software for all companies in Gas Sector. They have recently signed an agreement with Divine IT Limited and Giga Tech Limited. Rubina Ferdoushy (Secretary, Admin & Law) and Iqbal Ahmed Fakhrul Hasan (Managing Director, Divine IT Limited) signed the contract for the respective organisation. Md. Abdul Jalil, Chairman of BERC and Samira Zuberi Himika, Managing Director of Gigatech Limited along with other officials were present in the ceremony,

BERC has been established through the Bangladesh Energy Regulatory Commission Act, 2003 (the Act), as an independent and impartial Commission for the energy sector. It is independent in the exercise of its functions that are in accordance with the provisions as laid down in the Act. The objective of establishing the Commission is to create an atmosphere conducive to private investment in the generation, transmission and distribution of electricity; transmission/transportation, distribution and marketing of gas and petroleum products, to ensure transparency in the management, operation and tariff determination in the energy sector, to protect consumers' interest and to promote the creation of a competitive market in the country. The BERC Uniform System of Accounts is a consolidating customised accounting system applicable for gas exploration, production, supply, transmission and distribution entities in Bangladesh such as Petrobangla, BAPEX, BGFCL, SGFL, RPGCL,  GTCL, TGTDCL, BGDCL, JGTDSL, KGDCL, PGCL  and SGCL.

Presently the gas sector entities are using the same form or other different accounting system and some have their own software. Considering these, the Commission has decided to engage a Consultant firm for the design, development and implementation of web-based software for Uniform System of Accounts for gas sector entities and training on that.

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