The Executive Committee of the National Economic Council (Ecnec) approved On 26th January, 13 development projects involving Tk 91.10 billion (9,110 crore) along with three big projects in the power sector, including a 275mw (megawatt) coal-based power plant at Barapukuria.
The approval came at its meeting held at the NEC conference room with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.
Briefing reporters after the meeting, Planning Minister AHM Mustafa Kamal said of the total project outlay of Tk 91.10 billion, Tk 36.49 billion will come from the national exchequer while Tk 54.61 billion coming through project assistance.
Under the power sector project, ‘Extension of Barapukuria Coal Fired Thermal Power Station by 275mw (3rd Unit)’, a 3rd 275mw unit will be set up as an extension of the existing 250mw Barapukuria coal-fired thermal power plant, sources at the ministry of planning said.
The project cost is Tk 26.88 billion of which Tk 18.36 billion would come from China Industrial and Commercial Bank as buyer’s credit. The total project cost also includes Tk 6.48 billion from government fund and Tk 2.04 billion BPDB’s (Bangladesh Power Development Board) own fund. The project is expected to be completed by November 2017.
Asked what method would be adopted for extracting coal for the Barapukuria project, the planning minister said the existing methodology of drilling would not be changed.
He also said the government has a plan for generating 17,000mw of power by 2017 while 24,000mw by 2021, including 14,000mw from coal-based power.
The other power sector project approved in the meeting is ‘Chapainawabganj 100mw HFO Based Power Plant’ at a cost of Tk 11.14 billion.
Of the total project amount, the Hong Kong Shanghai Banking Corporation (HSBC) would provide a credit of Tk 8.93 billion while the government and BPDB would provide Tk 1.46 billion and Tk 750 million respectively.
The Ecnec meeting also gave nod to another Power Division project involving Tk 550 million aiming to construct the proposed Khulna coal-based power plant connecting road.