Dhaka: The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved nine projects involving an estimated cost of Tk 16,433 crore, including a Tk 8,690-crore project to bring some 1 crore people under the electricity coverage across the country, reports the UNB.

The approval came from the 2nd Ecnec meeting of the current government, held at the NEC conference room here with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair.

Briefing reporters after the meeting, Planning Minister MA Mannan said a total of nine projects involving Tk 16,433.27 crore were approved in the meeting.

Of the cost, Tk 13,620.27 crore will come from government fund, while Tk 285.61 crore from the own funds of the organisations concerned and the rest Tk 2,527.39 crore as 'foreign loans', he said.

In terms of the cost, the biggest project is installation of 19.5 lakh Client Connections through Extension of Rural Electrification (1st revised) Project involving Tk 8,690.89 crore.

About the project, the minister said some 1 crore people will come under the electricity coverage across the country as some 20 lakh new connections will be installed under the project.

Bangladesh Rural Electrification Board under the Power Division will implement the project by June 2020.