The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved three proposals, including the import of urea fertilizer under a government-to-government (G2G) arrangement, the transfer of industrial land for the expansion of the Bangladesh Ordnance Factory (BOF), and amendments to the coal price mechanism for two coal-fired power plants.
The approvals came from the 20th meeting of the CCEA this year, held at the Bangladesh Secretariat with Finance Minister Amir Khasru Mahmud Chowdhury in the chair.
The committee gave policy approval to a proposal from the Ministry of Industries to procure urea fertilizer for the 2026-27 fiscal year through a G2G agreement.
Under the proposal, the Bangladesh Chemical Industries Corporation (BCIC) will sign a contract with SABIC Agri-Nutrients Company of Saudi Arabia to import urea fertilizer to help ensure an adequate supply for the country’s agricultural sector.
The CCEA also approved a proposal from the Ministry of Textiles and Jute to hand over the property of Jalil Textile Mills Ltd., currently under the Bangladesh Textile Mills Corporation (BTMC), to the Bangladesh Army.
The industrial property, located at Bhatyari in Chattogram, will be used for the planned expansion of the Bangladesh Ordnance Factory (BOF), strengthening the country’s defence manufacturing infrastructure.
In the power sector, the committee approved amendments to the coal price mechanism applicable to the 2x612 MW coal-fired power plant at Banshkhali in Chattogram, developed by SS Power I Ltd., and the 307 MW coal-fired power plant of Barisal Electric Power Company Limited.
The approvals are expected to help ensure a stable fertilizer supply for agriculture, support the expansion of defence production facilities, and streamline the financial framework for coal-based power generation in the country, reports BSS.
