Engineers India Limited (“EIL”) has formally entered into a contract with Bangladesh Petroleum Corporation (BPC) to render Project Management Consultancy (“PMC”) for “Installation of ERL Unit-2” in Chittagong, Bangladesh for USD 16,545,000 plus BDT 82,281,025/- (inclusive of local taxes in Bangladesh such as AIT and VAT). The contract has been signed on April 19, 2016 in presence of our Hon’ble Minister of State (I/C) for Petroleum and Natural Gas, Mr. Dharmendra Pradhan; State Minister for Power and Energy of Bangladesh, Mr. Nasrul Hamid; and other senior officials of EIL, BPC and Eastern Refinery Limited (ERL). This will be the largest ever single consultancy assignment for EIL in Bangladesh.
BPC will implement the ERL Unit-2 project at a cost of US 1.7 billion dollars (approx 15,000 crore in Bangladesh Taka) over the next three years. ERL was set up at Patenga in 1968 and its installed refining capacity was 1.5 MMTPA, which after the implementation of this project would go to 4.5 MMTPA.