Closure of gas-run factories

Md. Lutfar Rahman, Faculty of Business, IUBAT- International University of Business Agriculture and
Recent closure of two gas run urea fertilizer factories by the present government apparently for diverting the saved gas to feed gas based power generation plants in order to supplement power in the grid lines to make the city dwellers' life comfortable by prolonging supply of electricity and minimizing load shedding is a point to ponder. It reminds me of an old proverb-- 'Penny wise pound foolish'. The policy makers have proved themselves to be penny wise by mitigating sufferings caused by power cuts for the time being at the cost of urea production at two giant urea factories of the country. The policy makers proved themselves to be pound foolish by generating electricity with gas, suspending urea production without controlling or minimizing systems loss of electricity at PDB and other state run power generation and distribution companies. At this move of the government the poor and marginal farmers will become poorer due to non-availability urea fertilizer to grow paddy and at the same time the meter readers and illegal power users will become wealthier by stealing electricity as the government did not take any measure to reduce systems loss of electricity at the PDB.