Dhaka: The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval to the draft ‘Bangladesh Offshore Model Production Sharing Contract (PSC) 2026’ and partially approved a proposal concerning power sector subsidies. These decisions aim to ensure an uninterrupted electricity supply across the country.
According to Bangladesh Sangbad Sangstha, these approvals were made during the 13th meeting of the CCEA this year, held at the Bangladesh Secretariat. The meeting was chaired by Finance Minister Amir Khosru Mahmud Chowdhury, marking a significant step in the country’s offshore energy exploration framework.
The draft ‘Bangladesh Offshore Model PSC 2026’ received in-principle approval, reflecting the government’s intent to modernize and strengthen the contractual structure governing offshore hydrocarbon exploration. This proposal, put forward by the Energy and Mineral Resources Division, seeks to facilitate future investments and operational arrangements in offshore oil and gas exploration.
In addition to the offshore PSC, the CCEA addressed a proposal from the Power Division that focused on subsidy support for selected power import and generation entities. The aim is to maintain a consistent electricity supply throughout the nation. The committee granted ‘in-principle approval (Partial)’ to this proposal, which includes subsidy eligibility for power imports from India and Nepal, electricity imports from Adani Power Jharkhand, government-owned power plants, and joint venture-based power projects.