Egypt to supply 60,000 tonnes of fuel oil by Mar
Friday, 28 December 2007
FE Report
The government will import 60,000 tonnes of refined petroleum oil from Egypt by March next year.
A proposal on import of the oil was approved by the advisers' council on public purchase Thursday.
Under the proposal, the Middle East Oil Refinery (MIDOR) of Egypt will supply 30,000 tonnes of fuel oil by next February and the rest 30,000 tonnes by March at the premium rate of US$ 5.3 per barrel.
Chaired by Finance Adviser AB Mirza Azizul Islam, the meeting of government's highest purchase body also gave its nod to the proposal for buying electricity from Fenchuganj 50-megawatt (MW) rental power plant to be installed under private initiative.
Earlier, the tender evaluation committee under the Power Cell accepted the bid of the M/S Barakatullah Electro Dynamics Limited, a consortium of local firms, for installing the power unit.
In its bid, the company quoted the lowest price at Tk 2.015 for selling per unit of electricity to the government for 15 years.
With the Fenchuganj 50-MW unit, the government has so far approved the proposals for setting up four 15-year rental power plants, having total generation capacity of 160MW electricity, in the country.
A process is also on to set up four more rental-power plants under the private initiative, official sources said.
Installation of such rental power plants is a part of the government initiative to cope with the country's prevailing power crisis, they mentioned.
Thursday's meeting of the purchase committee also gave its approval to the proposed Tk 560-million Chittagong Port Facilitation Project to be implemented with the financial support of the Asian Development Bank (ADB).
Besides, it approved another ADB-funded project for appointment of contractors for implementing the countrywide 'Road Network Development scheme' at the cost of Tk 6.16 billion.
The government will import 60,000 tonnes of refined petroleum oil from Egypt by March next year.
A proposal on import of the oil was approved by the advisers' council on public purchase Thursday.
Under the proposal, the Middle East Oil Refinery (MIDOR) of Egypt will supply 30,000 tonnes of fuel oil by next February and the rest 30,000 tonnes by March at the premium rate of US$ 5.3 per barrel.
Chaired by Finance Adviser AB Mirza Azizul Islam, the meeting of government's highest purchase body also gave its nod to the proposal for buying electricity from Fenchuganj 50-megawatt (MW) rental power plant to be installed under private initiative.
Earlier, the tender evaluation committee under the Power Cell accepted the bid of the M/S Barakatullah Electro Dynamics Limited, a consortium of local firms, for installing the power unit.
In its bid, the company quoted the lowest price at Tk 2.015 for selling per unit of electricity to the government for 15 years.
With the Fenchuganj 50-MW unit, the government has so far approved the proposals for setting up four 15-year rental power plants, having total generation capacity of 160MW electricity, in the country.
A process is also on to set up four more rental-power plants under the private initiative, official sources said.
Installation of such rental power plants is a part of the government initiative to cope with the country's prevailing power crisis, they mentioned.
Thursday's meeting of the purchase committee also gave its approval to the proposed Tk 560-million Chittagong Port Facilitation Project to be implemented with the financial support of the Asian Development Bank (ADB).
Besides, it approved another ADB-funded project for appointment of contractors for implementing the countrywide 'Road Network Development scheme' at the cost of Tk 6.16 billion.