Govt Panel Endorses Procurement of Fuel Oil Worth Tk 16,088.52cr Under G2G Agreements

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Dhaka: The Cabinet Committee on Government Purchase today recommended the approval of a proposal to import refined fuel oil worth an estimated Tk 16,088.52 crore for the July-December 2026 period under government-to-government (G2G) agreements with six state-owned foreign suppliers.

According to Bangladesh Sangbad Sangstha, the decision was made during the committee's 33rd meeting of 2026, chaired by Finance Minister Amir Khosru Mahmud Chowdhury at the Cabinet Division Conference Room at Bangladesh Secretariat. The Energy and Mineral Resources Division proposed importing refined petroleum products from six G2G suppliers in line with the agreed premium, quantity, and prevailing reference prices.

The recommended suppliers include ENOC of the United Arab Emirates, PetroChina and Unipec of China, Indian Oil Corporation Limited (IOCL) of India, OQT of Thailand, and BSP of Indonesia. Besides the fuel oil procurement, the committee recommended several major development and infrastructure-related procurement proposals.

Among these, the committee recommended awarding a Tk 125.99 crore contract for constructing 15 government primary schools-cum-flood shelters in the Bogura district. This project is part of the World Bank and Bangladesh government-financed Resilient Infrastructure for Adaptation and Vulnerability Reduction (RIVER) (1st Revised) project, implemented by the Local Government Engineering Department (LGED). The work has been recommended to The Civil Engineers Limited (Lead Partner) and M/S Ahad Builders (TCEL-AB JV).

Additionally, a Tk 49.14 crore proposal under the Industries Ministry was recommended for constructing a 10,000-metric-ton fertilizer buffer warehouse at Lakshmipur. This is part of the project titled 'Construction of 34 Buffer Warehouses across the Country for Fertilizer Storage and Distribution (1st Revised),' with the contract recommended in favor of M/S MBL-REL JV.

The committee also recommended approving the revised levelized tariff for purchasing electricity from the Ashuganj 450 MW Combined Cycle (North) Power Plant, operated by Ashuganj Power Station Company Limited. Under the revised tariff structure, the levelized tariff is fixed at US Cents 4.0945 per kWh, equivalent to Tk 5.0281 per kilowatt-hour, considering several economic factors.

Further recommendations were made for three procurement proposals under the Prime Minister's Office relating to the Bangladesh Economic Zones Authority (BEZA). The first involves awarding a Tk 123.34 crore contract for constructing road networks in Sub-Zones 6, 7, 11, and 18 of the National Special Economic Zone (NSEZ) at Mirsharai, Chattogram, recommended for Monico Limited.

Another proposal suggests awarding a Tk 211.79 crore contract for the Power Network (Package No. WD-4A-BSMSN-BEZA) project to Reverie Power and Automation Engineering Ltd. Additionally, the committee recommended extending the contract period and approving a variation proposal for consultancy services under the National Special Economic Zone Development (1st Revised) project. The consultancy contract value has been increased, and its duration extended, with services provided by a joint venture comprising Cheil Engineering Co., Ltd., Korea; Yooshin Engineering Corporation, Korea; and Engineering and Planning Consultants Ltd., Bangladesh.