TOYOKEIKI Co., Ltd accepts order of 60,000 pre-paid gas meters in Bangladesh

January 11th, 2017

In January 10 2017, TOYOKEIKI Co., Ltd (Matsumoto city) concluded the contract of 60,000 prepaid gas meters with Karnaphuli Gas Distribution Company Limited (KGDCL) in Chittagong, Bangladesh.
The executives of KGDCL and the representative of TOYOKEIKI, director Miyahara, attended a signing ceremony.

Bangladesh has rich natural gas reserves, so natural gas accounts for about a half of energy consumption in the country. However, the gas demand for power generation and business use increases rapidly along with rapid economic growth after 2000s, and people tend to waste energy because a flat rate is set when they use gas at home. Therefore, acute energy shortage in the future is a serious issue and that may lead to the exhaustion of resources in the future.

Due to this situation, Bangladesh decided to install prepaid gas meters to use the gas more efficiently.

Sining ceremony
Sining ceremony

This project is a part of Natural Gas Efficiency Project (financed by yen loans, and its loan agreement was signed in June 2014) and aimed at installing prepaid a gas meter on every house, which leads to the reduction of gas usage and the establishment of a fair rate.

In Bangladesh, prepaid gas meters have been installed on a trial and they have turned out to be effective. As a result, finally they decided to install 200,000 meters in Dhaka and 60,000 prepaid gas meters in Chittagong. This time, we receive the order of 60,000 in Chittagong.

In 2016, 13 companies in many countries such as USA, China, Italy and Vietnam participated in the opening bid and closing bid and TOYOKEIKI awarded a bid in the aspect of technology and price, so that it concluded a contract.

TOYOKEIKI developed the new mechanism that makes customers use the charged amount of gas by waving a prepaid card over the reading part of their gas meters with a built-in Felica chip. The contract price is 1.6 billion JPY and will start delivery from March 2017.