Bangladesh Energy Regulatory Commission, with an aim to implement uniform accounting software for all companies in the gas sector, has signed an agreement with Divine IT Limited and Giga Tech Limited (JV).
This agreement signing ceremony took place at the BERC office in the capital recently, said a press release.Rubina Ferdoushy (Secretary, Admin and Law) and Iqbal Ahmed Fakhrul Hasan Managing Director, Divine IT Limited, signed the contract on behalf of their respective organisations.
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 was established with the objective to create 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 also to protect consumers' interest and to promote the creation of a competitive market in the country.
The functions of the commission mandated by the Act, include, licensing, tariff determination, development of uniform system of accounts for all licensees, energy statistics collection and its management, consumers’ interest protection, frame and enforcement of codes and standards, dispute settlement etc.
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.