The Ministry of Power, Energy and Mineral Resources on Thursday decided to cancel the S Alam Group’s proposal for implementation of Eastern Refinery Ltd (ERL) Unit-2 installation.
According to a press release issued by the ministry, the proposed project for installation of ERL Unit-2 by Eastern Refinery Ltd (ERL) – under Bangladesh Petroleum Corporation (BPC) – will be cancelled.
It said the implementation proposal was made under a Public Private Joint Venture agreement between BPC/ERL and S Alam Group.
The ministry also took the decision to send a letter to the BPC to estimate the implementation cost of the proposed project in the DPP (Detail Project Proposal), as per the updated rate of foreign exchange.
