STAR BUSINESS REPORT

The Cabinet Committee on Government Purchase yesterday approved the procurement of three LNG cargoes from the spot market, two proposals to purchase electricity from power plants, and a proposal to procure 163 vehicles.

The meeting, chaired by Finance Minister Amir Khosru Mahmud Chowdhury, cleared the proposal to procure LNG, submitted by the Energy and Mineral Resources Division.

The 20th cargo for June 8-9, the 21st cargo for June 9-10, and the 22nd cargo for June 14-15 will be purchased at a combined cost of Tk 2,186.35 crore.

According to sources, the LNG will cost $18 per MMBtu. The procurement will be carried out through the international quotation collection process under Rule 105(3)(a) of the Public Procurement Rules 2025.

The approved suppliers are Vitol Asia Pte Ltd, Singapore, BP Singapore Pte Ltd, and Gunvor Singapore Pte Ltd.

The committee also cleared two separate proposals to purchase electricity from power plants operated by North West Power Generation Company Limited (NWPGCL) under re-determined levelised tariffs.

One of the proposals involves purchasing electricity from the Sirajganj 225 MW Combined Cycle Power Plant (Unit-2) established by NWPGCL.

Under the proposal submitted by the Power Division, the levelised tariff for gas-based power has been fixed at US cents 4.513 per kilowatt-hour, equivalent to Tk 5.541 per unit, based on current market prices.