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That writes-off the next month then as she will be convalescing when she gets back to Dhaka in August, So, we will be into September, still no presentation and before we know it, we are a year behind schedule.
You can understand why the Padma bridge is still not ready, 20 years after construction started.
Let's see if this post lasts 20 mins before the 'thought police' delete it.
GP. Cant argue with that. GL
The reason I know this is I work in the same office as the person who did the trade.
Which is what I plan to do soon
Bed and isa.
"Two large sells have gone through on NEX this morning totalling 172,000 shares at 22.50 and 22.55."
..is why they are selling. We have no traction - we are stuck in this price band.
For the last two days I could and still can sell up to 60,000 shares at 22.695. Two large sells have gone through on NEX this morning totalling 172,000 shares at 22.50 and 22.55. The buy price remains stable at 23.25. This would suggest there is a very good demand for THE shares at the moment which I find rather encouraging. As always GLA.
Finally it is coming together guys
...I’ve read on advfn:
“As Bangladesh has decided to have coal fired power plants it obviously has to burn coal.It therefore makes sense to use the high quality coal at Phulbari rather than the much lower quality imported coal as the Phulbari Coal is considerably less damaging to the environment. It will also be much cheaper to use the Phulbari Coal and you avoid further environmental damage caused by transporting coal which has a bad carbon footprint.”
Gas price hike: Leftist parties call nationwide half-day strike July 7
At separate protest programs on Monday, Ganasamhati Andolon, Communist Party of Bangladesh, Workers Party of Bangladesh and National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports (NCPOGMRPP) also protested the latest gas price hike.
All the platforms claimed that the government increased the prices so that LNG and LPG companies can make profits.
Islami Andolan Bangladesh also announced to hold a protest rally on July 5, saying the hike was irrational and against public interest and it will help raise commodity prices.
About 84% of the people earn below Tk20,000 and they will suffer most by the tariff hike, said IAB's Dhaka metropolitan unit President Sheikh Fazle Bari Masud.
He also threatened that people will take to streets if the government does not withdraw the decision.
Addressing a human chain in front of the National Press Club, NCPOGMRPP Member Secretary Prof Anu Muhammad said the government has created an environment for LNG by making Bapex inactive in the last decade.
“The government has increased gas prices so that profit is made by the cylinder businesses and corruption runs rampant in Titas,” he said.
He also said that NCPOGMRPP was supporting the LDA called half-day strike.
Addressing another human chain at the same place, CPB’s central leader Ruhin Hossain Prince said price of essential commodities would also increase due to the gas tariff hike.
He said they organize protests till July 6. “We will observe a countrywide strike on July 7, if the government does not backtrack from its decision.”
On Monday, Samajtantrik Mazdur Party, Bangladesh Communist party (Marxist ), Jatiyo Biploby Party along with several other likeminded platforms also protested the price hike at a human chain in front of BERC office in Dhaka’s Karwan Bazar.
The minister said the DCs will try to recover the unpaid bills
State Minister for Energy Nasrul Hamid Bipu has given directives not to provide gas or power connections unless the requesting entity is in a planned industrial zone.
He issued the directive to Deputy Commissioners (DCs) on Monday, on the second day of the conference of DCs.
“As per the order of the prime minister, all industrial zones need to be developed in a disciplined manner. Problems arise if gas and power connections are given indiscriminately,” said the minister.
The outstanding power and gas bills of government institutions currently stand at Tk140 million and Tk80-90 billion respectively.
“The DCs will try to recover the unpaid bills. If someone fails to do so, their lines will be cut off,” the minister added.
[Knowing GCM.s aim is offering the lowest possible tariff on electric, its one of the points for our timing in proposing ]
Mentioning that gas price in Bangladesh is much less than other countries, Prime Minister Sheikh Hasina on Thursday said those who are demonstrating against the recent tariff hike were not taking the real situation into account.
"Those who're waging movement don't think about the real situation or they don't see our development. This is unfortunate," she said, while delivering her valedictory speech in the third session, or the Budget Session, of 11th parliament, reports UNB.
The prime minister said in fact 75% hike in gas price was needed, but the government increased it by only 32.8%. The total cost for importing per cubic feet LNG is Tk61.12, but it is being sold at Tk9.80/cf by providing huge subsidy.
"Though gas price was hiked to some extent due to LNG import, it's much less than what in other countries of the world," she said.
Refuting the claim of Deputy Leader of the opposition Raushon Ershad that gas price had been brought down in India, Hasina placed statistics comparing the gas prices between Bangladesh and India.
She told the House that the gas price for household purpose was Tk12.60/ cubic feet in Bangladesh whereas it was Rs 30-37/cf (Tk37-45) in India.
She said the gas price for industrial purpose was only Tk10.70/cf in Bangladesh against Rs 40-42/cf (Tk49-51) in India, while CNG price was Tk43/cf in Bangladesh, which is Rs 44/cf (Tk54) in India, and the gas price for commercial purpose was Tk23/cf against Rs 58-65/cf (Tk71-80) in India.
She said the government supplied both gas and electricity to people after providing a huge amount of money as subsidy.
This all looks too good to be true ………..
I’ve been reviewing and posting POWERCHINAs influence in BD for a long time. It’s been clear to me they have sway and influence, the kind of negotiation skills to make Phulbari happen.
I’ll keep adding as usual.
POWERCHINA has made a strong contribution to Bangladesh, having completed 10 infrastructure projects including 5 power plants totaling US$750m and 12 current projects amounting to US$4.6 billion including two coal fired power plants of 1,670MW. We look forward to working with Datuk Michael Tang PJN and his team to deliver a world class proposal that is beneficial and acceptable to the Government of Bangladesh.”
More detailed benefits coming from large-scale power generation based on local coal:
Provides in excess of US$20 billion to GDP.
Provides in excess of US$7 billion in taxes / royalties to the Government
Creates up to 50,000 new jobs in Bangladesh
Very low volume today, just a couple of decent trades worth. Good demand for shares though from someone
we have every thing in place now almost,
expect more articles now,expect pro own coal & benefits ,
Polo & Dyani have there 30% in place should there be a B/O
don't be surprised or caught out we now have every thing in place & the company have not tried to promote YET!
But when they do ,its going to be outstanding GL All
$282 a tonne to deliver coal to Bara is clearly going to produce costly electricity. It will be obviously much cheaper without the internal transport costs if $87 a tonne to supply the coastal plants such as Rampal.
How much a tonne to produce at Phulbari? Well we were promised contractually global coal prices. It’s easy for the GoB to realise allowing the Phulbari basin to be mined will produce the lowest cost coal.
“The Barapukuria coalmine company Ltd supplies per metric tonne of coal to Bangladesh Power Development Board (BPDB) at US$130 whereas the company -- Vitol Asia Pte Ltd -- sought US$282.91 per tones last year.
The cost includes FOB (Freight on Board) price ($118), freight cost $7, local transportation ($87.47), port charges, transshipment loading, unloading, insurance and other charges.
The total cost of the consignment, having one lakh metric tonnes of coal, will be around Tk 236 crore or US$28.29 million. “
we were down earlier and have now moved slightly higher, with an almost unheard of 3p spread!
Hi Bees. I totally agree, the very wealthy seldom care about the poor, the unequal distribution of wealth maintains the status quo. I am fortunate enough to have added a few shares this morning, they are showing on NEX though. GLA