CCEA approves 3 key proposals on fertiliser, power

The Cabinet Committee on Economic Affairs on Wednesday approved three key proposals, including the import of urea fertiliser under a government-to-government (G2G) arrangement, the transfer of industrial land for expansion of the Bangladesh Ordnance Factory, and amendments to coal pricing mechanisms for two coal-fired power plants.

The approvals came at the 20th meeting of the committee this year, held at the Bangladesh Secretariat with Finance Minister Amir Khasru Mahmud Chowdhury in the chair.

The committee granted policy approval to a proposal from the Ministry of Industries to import urea fertiliser for fiscal year 2026–27 through a G2G arrangement.

Under the proposal, the Bangladesh Chemical Industries Corporation will sign an agreement with SABIC Agri-Nutrients Company of Saudi Arabia to import urea in order to ensure adequate supply for the country’s agricultural sector.

The committee also approved a proposal from the Ministry of Textiles and Jute to transfer the property of Jalil Textile Mills Ltd., currently under the Bangladesh Textile Mills Corporation, to the Bangladesh Army.

The industrial property, located in Bhatyari, Chattogram, will be used for the planned expansion of the Bangladesh Ordnance Factory, aimed at strengthening the country’s defence manufacturing capacity.

In the power sector, the committee approved amendments to the coal price mechanism for the 2×612 MW coal-fired power plant at Banshkhali in Chattogram, developed by SS Power I Ltd., as well as the 307 MW coal-fired power plant operated by Barisal Electric Power Company Limited.

Officials said the approvals are expected to help ensure a stable fertiliser supply for agriculture, support the expansion of defence production facilities and streamline the financial framework for coal-based power generation in the country.