Financing for the Eastern Re?nery-2 (ERL-2) project has been formally ?nalized following approval by the Executive Committee of the National Economic Council (ECNEC), marking a major milestone in Bangladesh’s energy infrastructure development.
energy and Mineral Resources Division Secretary Muhammad Saiful Islam con?rmed that the project has received both ECNEC clearance and full ?nancial closure.
a Project Director is expected to be appointed shortly to initiate implementation activities.
the ERL-2 initiative was ?rst discussed in 2008.
over the past 17 years, the project has undergone multiple revisions, with both timeline and cost increasing signi?cantly.