Confidence Oil and Shipping Limited (COSL) is a concern of Confidence Group. COSL primarily functions as a supplier of fuel to power plants across the country, using designated river tributaries. The Government approved Confidence Group as an Independent Power Producer (IPP) to establish power plants in Bogura, Rangpur and Chittagong regions of Bangladesh, in order to meet the current energy needs of the nation. CPHL commenced operations in Q1 2016, and it is expected to have all its IPP plants up and running by Q4 2018.
Each power plant committed to this venture will be Heavy Fuel Oil (HFO) fired. This ensures that the generators will operate on a comparatively more sustainable fuel, replacing diesel oil, which is not only more costly but unreliable; hence maximizing efficiency and being environment friendly. CPHL’s core purpose is to go above and beyond to make our operations as smooth as possible.
The energy sourced by COSL is in strict accordance to the specifications set by the Bangladesh Petroleum Corporation (BPC). HFO is quite difficult to come across in Bangladesh, and further outsourcing its shipment does not ensure the quality. Therefore, COSL uniquely functions to transport fuel for the steady operations of power plants across the country, including CPHL, thereby also acting as an in-house fuel import project.
Additionally, COSL takes pride in supplying substantial amount of fuel to clients on time. Besides being economical, HFO is an advantageous fuel to utilize and more environmentally friendly. It permits a long overhaul period, the shortest being over 10,000 hours, while minimizing noise pollution and lower fuel consumption. Moreover, it boasts a continuous running rate capacity of 90%.
All these factors boost the durability of the generators and other associated machineries. To ensure utmost quality of the fuel, COSL collaborates with trusted suppliers and maintains positive and long-term relationships with them.