Cabinet body recommends Tk 16,888cr refined fuel import under G2G deals

The Cabinet Committee on Government Purchase (CCGP) has recommended approving the import of refined petroleum products worth approximately Tk 16,888.52 crore for the July-December 2026 period under government-to-government (G2G) agreements.

The recommendation came at the committee's 33rd meeting of 2026, held at the Secretariat on Wednesday (July 29) and chaired by Finance Minister Amir Khosru Mahmud Chowdhury.

According to Cabinet Division sources, the Energy and Mineral Resources Division placed the proposal after considering agreed import premiums, required volumes and prevailing international benchmark prices.

Under the proposal, Bangladesh will procure refined fuel from six state-owned foreign suppliers: 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 through existing G2G arrangements.

Alongside the fuel import proposal, the committee recommended approving several major procurement and infrastructure projects.

Under the Climate Resilient Infrastructure Improvement and Risk Reduction (RIVER) project, jointly financed by the World Bank and the Government of Bangladesh, the committee recommended awarding a Tk 125.99 crore contract to a joint venture of The Civil Engineers Ltd. and Ahad Builders for constructing 15 primary school-cum-flood shelters in Bogura district.

The committee also recommended awarding a Tk 49.14 crore contract to the MBL-REL Joint Venture for constructing a 10,000-metric-ton fertiliser buffer warehouse in Lakshmipur under the Ministry of Industries' nationwide fertiliser storage project.

The meeting further recommended approving a revised integrated electricity tariff for power generated by the 450MW Combined Cycle (North) Power Plant operated by Ashuganj Power Station Company Limited.

Under the revised structure, the integrated tariff has been set at 4.0945 US cents per kilowatt-hour, equivalent to Tk 5.0281 per unit. The calculation was based on an 84.6 per cent plant load factor, a 12 per cent discount factor, a 6 per cent return on equity, an exchange rate of Tk 122.80 per US dollar, and a gas price of Tk 438.91 per 1,000 standard cubic feet (SCF).

The committee also recommended approving three procurement proposals under the Bangladesh Economic Zones Authority (BEZA).

These include a Tk 123.34 crore contract awarded to Monico Limited for developing road infrastructure in Sub-zones 6, 7, 11 and 18 of the Mirsarai National Special Economic Zone in Chattogram.

Another recommendation involves awarding a Tk 211.79 crore contract to Revery Power and Automation Engineering Limited for constructing the electricity distribution network under the project.

The committee also approved a proposal to revise the consultancy agreement under the National Special Economic Zone Development Project (First Revised). The consultancy cost has been increased from Tk 83.14 crore to Tk 89.85 crore, while the contract period has been extended from December 31, 2025 to December 31, 2027.

The consultancy services are being provided by a consortium comprising Cheil Engineering Co. Ltd., Yooshin Engineering Corporation of South Korea, and Engineering & Planning Consultants Ltd. of Bangladesh.