Highlights:
The duration in-between government will preserve its first Ecnec assembly this day, specializing in proposals for 2 fresh initiatives related to exploring and setting up fresh gas wells to meet request of and supplying gas to industrial areas, alongside three revised initiatives.
The Government Committee of the Nationwide Economic Council (Ecnec) assembly will be held at the Chief Adviser’s Workplace, with Chief Adviser Professor Muhammad Yunus presiding, in preserving with Planning Price sources.
The proposed budget for the 2 fresh initiatives stands at Tk988.40 crore. Within the intervening time, the well-liked price for the three existing initiatives, for which revisions beget been suggested, become as soon as Tk3,717.38 crore. The revised expenditure for these initiatives has been proposed to be elevated by 121%, bringing the total to Tk8,219.3 crore.
The two fresh initiatives to be supplied at the Ecnec assembly encompass the drilling of two overview-cum-model wells (Sundalpur-4 and Srikail-5) and two exploration wells (Sundalpur South-1 and Jamalpur-1) at a price of Tk588.40 crore. The Bangladesh Petroleum Exploration and Production Firm Exiguous (Bapex), a subsidiary of Petrobangla, will put into effect the mission by June 2026, in preserving with Planning Price sources.
If commercial gas is chanced on after drilling the proposed four wells, the estimated Gasoline Within the origin in Position (GIIP) will prolong by 620 billion cubic ft (BCF), of which recoverable reserves will be 442 BCF.
Discipline to gas availability, the attainable on a standard foundation manufacturing of the Sundalpur-4, Srikail-5, Sundalpur South-1, and Jamalpur-1 wells will be 10, 20, 15, and 10 million normal cubic ft (MMscf), respectively, with a total on a standard foundation manufacturing of 55 MMscf from the wells. The mission proposal states that elevated home gas manufacturing through this mission will lower costly LNG imports and build a huge quantity of foreign commerce.
Within the intervening time, a proposal to prolong the price of the Bakhrabad-Meghnaghat-Haripur gas transmission pipeline construction mission will additionally be supplied at the assembly. The well-liked price of the mission, initiated in 2021, become as soon as Tk1,304 crore, and a revised price of Tk1,570 crore has been proposed, reflecting a 20% prolong.
Alternatively, the mission price become as soon as beforehand elevated to Tk1,500.14 crore through particular revisions. According to the mission proposal, the prolong is as a result of rising costs in gas pipeline construction, facility model, land model, and revenue sectors.
Besides to the elevated expenditure, it’s a ways additionally proposed to prolong the mission length by two years, with a fresh completion date utter for June 2026.
Altogether six energy crops are utter to be built within the Meghnaghat energy hub condo, each and each within the non-public and non-non-public sectors, with plans to rupture approximately 550 MMscfd of gas to energy crops, economic zones, industries, commercial establishments, and a range of customers in Ghazaria, Haripur, Siddhirganj, and Araihazar.
The gas will be transported from Bakhrabad in Cumilla to Haripur through Meghnaghat in Narayanganj through a 50 km lengthy, 42-scoot diameter gas transmission pipeline, working at 1,000 psig and able to transmitting up to 1,000 MMscfd per day.
Besides to the energy crops, economic zones and industries within the Meghnaghat hub and surrounding areas devour Haripur, Siddhirganj, and Araihazar, the mission will additionally encompass the construction of transmission infrastructure to make clear respectable gas provide to institutions, commercial entities, and a range of customers in these areas.
One other fresh mission to be positioned for approval is the Sustainable Social Products and companies Mission (Section II) in Chattogram Hill Tracts at a price of Tk400 crore. Unicef will donate Tk100 crore to this mission.
According to Planning Price sources, a revised proposal to prolong the budget for the land acquisition mission aimed in opposition to upgrading the Faridpur-Bhanga-Barisal-Patuakhali-Kuakata nationwide motorway to four lanes will be supplied at the Ecnec assembly.
The mission become as soon as first and considerable well-liked by Ecnec in 2017 with a budget of Tk1,867.86 crore, however the newly revised proposal suggests an elevated outlay of Tk5,899.66 crore.
