Home ›› 16 Sep 2022 ›› News
A total of 80 per cent of construction works of the Ghorashal-Polash Urea Fertilizer Project (GPUFP), the country’s largest, have been completed.
The information was disclosed at a meeting between Industries Minister Nurul Majid Mahmud Humayun and the representatives of GPUFP construction company Mitsubishi Heavy Industries (MHI) Group of Japan and China consortium (CC-7) of China at the conference room of the Ministry of Industries in the city’s Motijheel area on Thursday.
The representatives of the two companies also informed the minister that the production of fertilizer will be possible in November next year.
The Japanese delegation also expressed their interest in setting up an advanced ‘Urea Fertilizer Plant’ in Ashuganj of Brahmanbaria district.
State Minister for Industries Kamal Ahmed Majumder, Secretary to the Industries Ministry Zakia Sultana and Bangladesh Chemical Industries Corporation (BCIC) Chairman Shah Md Imdadul Haque, among others, were also present.
The foreign delegation from Japan showed interest in installing another fertiliser factory in Ashuganj, Brahmanbaria.
The minister of industries welcomed the proposal and directed the concerned officials to sign an MoU to commence the feasibility study.
He also assured the representatives of the project implementing companies to provide necessary assistants to complete the project very soon, saying
“We are trying to solve the challenges and difficulties and also expecting to inaugurate the production on the scheduled time.”
The project estimated that the factory will have an annual production capacity of 9.24 lakh metric tonnes.
Bangladesh Chemical Industries Corporation (BCIC) is implanting the project at a cost of around Tk 104.61 billion (US$ 1,245.35 million), by availing loans from three foreign financial institutions.
Of the total cost, Tk 18.44 billion ($219.55 million) is coming from the government exchequer while the rest of the amount Tk 86.17 billion ($1,025.80 million) is being provided by Japan Bank under JBIC, MUFG and HSBC as commercial loans.
