9th March 2026
EP Report
Financing for the Eastern Refinery–2 (ERL-2) project has been formally finalized 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 confirmed that the project has received both ECNEC clearance and full financial closure.
A Project Director is expected to be appointed shortly to initiate implementation activities.
The ERL-2 initiative was first discussed in 2008. Over the past 17 years, the project has undergone multiple revisions, with both timeline and cost increasing significantly.
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