Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Cabinet Committee on Government Purchase (CCGP) in a meeting on Wednesday approved a number of proposals including the import of 3.065 million tonnes of petroleum oils from foreign suppliers in 2024.
Finance Minister AHM Mustafa Kamal presided over the virtually held meeting.
As per the proposals, moved by the Energy and Mineral Resources Division, state-owned Bangladesh Petroleum Corporation (BPC) will import the entire petroleum oils to meet the local requirements.
Of these, 1.5 million (15 lakh) tonnes are crude oil and the remaining 1.565 million (15.65 lakh) tonnes are refined petroleum.
As per the proposals, some 800,000 (8 lakh) Tonnes of light Arabian Light Crude (ALC) oil will be imported from Saudi Aramco at a cost of Tk 64.07 billion (Tk 6,407.35 crore) while 700,000 (7 lakh) Tonnes of crude oil will be imported from Adnoc of Abu Dhabi at a cost of Tk 58.08 billion (Tk 5808.52 crore).
The proposed 1.5 million (15 lakh) Tonnes of refined petroleum oils will be imported from January to June period in 2024 through international quotation process from different suppliers at an approximate value of Tk 135.99 billion (Tk 13,599.79 crore).
Annually, Bangladesh requires about 6.5 million tonnes of petroleum fuels of which it imports 1.5 million tonnes of crude oils while the remaining is refined petroleum oils of different types.
The diesel dominates the import quantity.
The CCGP approved a proposal to set up a 100 MW wind power plant in Satkhira district under private sector sponsorship from which the government will purchase electricity.
As per proposal, the Sustainable Energy International Ltd will set up the plant and the state-owned Bangladesh Power Development Board (BPDB) will purchase electricity from the plant over the period of 20 years at a tariff rate of Tk 13.525 (about US Cent 12) per kilowatt hour spending Tk 56.87 billion (5687.08 crore).
Under another proposal, the Consortium of (1) Infraco Asia Development Pte Ltd; (2) Greencells GmbH. and (3) Global Greengen Ltd., will set up a 10 MW solar (AC) power plant in Sadar Upazila of Noakhali District.
The BPDB will buy electricity over the period of 20 years at a tariff rate of Tk 11.017 (about US Cent 9.7) per kilowatt hour spending Tk 3.57 billion (Tk 357.12 crore).
The committee also approved two separate proposals of Bangladesh Agriculture Development Corporation (BADC) to import 30,000 tonnes of TSP fertiliser from OCP, SA of Morocco at a cost of Tk 1.32 billion (Tk 132.63 crore) and 25,000 tonnes of TSP fertiliser from GCT of Tunisia at a cost of Tk 1.09 billion (Tk 109.14 crore).
A proposal of Rapid Action Battalion (RAB) received an approval for import of 4 personnel armoured carrier vehicles at Tk 239.1 million (Tk 23.91 crore).
The committee also approved a number of proposals for import of rice bran oil, soybean oil and lentils by Trading Corporation of Bangladesh (TCB) from local suppliers.