S Alam’s proposal for implementation of ERL Unit-2 cancelled

The Ministry of Power, Energy and Mineral Resources has decided to cancel the S Alam Group’s proposal for implementation of the installation of Eastern Refinery Limited (ERL) Unit-2.

According to a press release of the ministry, the proposed project for installation of ERL Unit-2' by Eastern Refinery Limited (ERL) under Bangladesh Petroleum Corporation (BPC) has been decided to cancel.

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.