B Mirror Report: The Cabinet Committee on Government Purchase has approved a proposal to revise the coal price mechanism for two coal-fired power plants in Bangladesh, along with fuel payment approvals totaling approximately Tk 176,974 crore.

The approval came at a meeting of the committee held on Thursday at the Secretariat, chaired by Finance Minister Amir Khasru Mahmud Chowdhury.

According to meeting sources, the proposal submitted by the Power Division covers the 2×612 MW SS Power-1 Limited coal-fired power plant in Banshkhali, Chattogram, and the 307 MW Barishal Electric Power Company Limited (BEPCL) coal-fired power plant.

Under the approved proposal, fuel payments of approximately Tk 144,250 crore have been sanctioned for SS Power-1 Limited, while Tk 32,724 crore has been approved for BEPCL.

The Cabinet Committee also approved SS Power-1 Limited and Barishal Electric Power Company Limited as the recommended bidders under the revised coal price mechanism.If you’d like, I can also rewrite this in a more concise Reuters-style news format.