Govt to import 33.60 lakh mmbtu LNG from US

50,000 tonnes of rice also to be imported from India

Staff Correspondent

25 March, 2021 12:00 AM printer

The government on Wednesday approved a proposal of procuring 33.60 lakh mmbtu Liquefied Natural Gas (LNG) from a US company to meet the country’s growing demand of the energy.

The US-based company Excelerate Energy LP will supply it at a cost of over Tk 2.18 billion.

 The approval came at the meeting of the Cabinet Committee on Government Purchase (CCGP) with Finance Minister AHM Mustafa Kamal in the chair.

In total, the meeting approved six procurement proposals including one to procure 50,000 metric tonnes of non-basmati parboiled rice from India.

“Total cost of the procurement will stand at Tk 14.94 billion, of which, the government will provide Tk 9.59 billion and Tk 5.35 billion will come as project assistance,” Kamal said later at a virtual press briefing.

The cost of importing per mmbtu LNG from the USA will be $6.53, said Additional Secretary of Cabinet Division Dr Shahida Khatun, in reply to reporters’ queries.

Under another approved proposal of department of food, M/S PK Agri Link Private Ltd , India will supply 50,000 metric tonnes of non-basmati parboiled rice at a cost of slightly over Tk 1.77 billion.

The cost of per metric tonnes of rice being imported from India will be $430, Shahida informed, also claiming that it was the lowest price.

“Department of food verified rice prices from sources of India, Thailand and Myanmar, but found the lowest price in east coast region of India,” she noted.  

Under a proposal, the public works package no: 3 of Bhola-Charfashon regional highway development project was given to joint venture of Md. Moyenuddin (Bashi) Ltd and Nabarun Traders Ltd at a cost of Tk 1.23 billion.

At the same time, public works package no 06 was awarded to a joint venture of Md Badrul Iqbal, Hassan Techno Builders and Oyster Construction and Shipping Company Ltd at a cost of Tk 1.19 billion under a separate proposal.  

Under another proposal of Roads and Highways Department, the engineering consultation job for construction, operation and maintenance of Support to Joydevpur-Devgram-Bhulta-Madanpur highway, also known as Dhaka bypass road, was given to joint venture of M/s International Consultant and Technocrats Pvt. Ltd, India and M/s Sheladia Associates, Inc., United States at a cost of Tk 795.8 million.

The work of installing 14km treated water pipeline from Gandharbpur water treatment plant to Baridhara under package 02 of Dhaka Environmentally Sustainable Water Supply (DESWS) project was given to China CAMC Engineering Co. Ltd, China at a cost of over Tk 7.11 billion.   

Earlier, a meeting of the Cabinet Committee on Economic Affairs was also held with the finance minister in the chair.

It approved in principle a proposal of shipping ministry to carry out capital dredging in Rabnabad Channel of Payra port with the government’s own money through direct procurement method instead of PPP that had been planned earlier.

The finance minister said the government backtracked from its earlier decision as implementing the project on PPP basis could have been much costlier.

In reply to a question regarding utilizing reserve money in the government projects, Kamal told reporters that a policy will be formulated in this regard after making necessary assessment to the country’s fund needs.