Bapex capacity building project set to get Ecnec nod

Bapex capacity building project set to get Ecnec nod

The Executive Commi-ttee of the National Economic Council (Ecnec) sits on Thursday to consider a number of projects, including exploration and production capacity-building of Bangladesh Petroleum Exploration & Production Company Limited (Bapex).

Ecnec Chairperson and Prime Minister Sheikh Hasina will preside over the meeting to be held at the NEC conference room in city’s Sher-e-Bangla Nagar area.

Bapex and Karnaphuli Gas Distribution Company Limited (KGDCL) will implement the proposed project under the Energy, Power, and Mineral Resources Ministry at an estimated cost of Tk 3.23 billion.

Of the amount, Bapex is likely to provide Tk 2.18 billion while KGDCL Tk 1.0480 billion, said sources at the Planning Ministry.

A Planning Ministry official said if the project is approved and implemented, technological efficiency of Bapex will be enhanced enabling it to carry out its exploration activities more efficiently.

Besides, Bapex will also be able to provide technological assistance to Petrobangla companies in carrying out their exploration works.

Once completed, the project is expected to reduce the gap between demand and supply of gas in Chittagong, the official added.

Under the project, he said, a 65 km-long high pressured gas transmission pipeline would be constructed from Semutang gas field to Chittagong Ring Main to ensure smooth gas supply in Chittagong.

The Pre-Ecnec (PEC) meeting on the project was held on April 13 this year where the Planning Commission recommended approval of the project.

The Ecnec meeting is also likely to consider another project on construction of 448 flats for government employees of the Parliament Secretariat at Sher-e-Bangla Nagar at a cost of Tk 1.64 billion.

Under the project, 448 flats will be constructed for providing accommodation facilities to the officials and employees of the Parliament Secretariat.

Of the total number of flats, 56 will be of 1250sqf each, 112 of 1000sqf each, 112 of 800sqf each and 168 of 600sqf each.

The Ecnec meeting is also likely to consider further development of Bangabandhu Sheikh Mujibur Rahman Agriculture University project with Tk 690 million, promotion of services and opportunities to the disabled people in Bangladesh (revised) project involving Tk 1.55 billion, modernisation and extension of Bangladesh Television center in Chittagong with Tk 380 million and Sylhet gas transmission network upgradation project costing Tk 910 million. —UNB


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