Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
****stan's gas crisis: ssgc proposes thar coal solution amid halving reserves by 2026-27
****stan faces an energy crisis with gas reserves dwindling. thar coal emerges as a key to long-term energy security, offering hope amidst challenges.
****stan faces a looming energy crisis as its indigenous gas reserves are projected to decrease by 50% by the fiscal year 2026-27, placing a significant strain on the nation's energy supply. sui southern gas company (ssgc) has highlighted the growing challenges of securing imported regasified liquefied natural gas (rlng) as an alternative, advocating for the utilization of thar coal as a viable domestic resource capable of generating 100,000 mw of electricity for more than two centuries. this strategic shift aims to mitigate the impending energy shortfall and ensure long-term energy security for ****stan.
the looming gas crisis and thar coal solution
with the anticipated halving of ****stan's gas reserves, the reliance on expensive and increasingly scarce imported rlng has pushed ssgc to propose a more sustainable solution. thar coal, with its immense potential for electricity production, emerges as a promising alternative. ssgc's subsidiary, ssgc alternate energy (ae), has been at the forefront, promoting coal to gas (c2g) plants through collaborations with both local and foreign firms, backed by multiple memorandums of understanding (mous).
challenges and financial implications
transitioning to renewable energy sources like thar coal is not devoid of challenges. a significant hurdle is the financial requirement for establishing a coal gasification plant, estimated at approximately $2 billion for producing 100 mmscfd of synthetic natural gas (sng). this substantial investment underscores the need for strategic planning and financial backing to realize the potential of thar coal as a cornerstone of ****stan's energy strategy. ssgc's initiative also explores alternative energy sources such as biogas from cow dung, municipal solid waste, and energy crops, which could collectively contribute to reducing rlng imports and enhancing energy self-sufficiency.
path forward: reducing dependency on imported energy
ssgc's proposal to harness thar coal for synthetic gas production represents a critical step towards reducing ****stan's dependency on imported energy. by tapping into domestic resources like coal and biogas, ****stan can not only address its immediate energy crisis but also lay the groundwork for a more sustainable and self-reliant energy future.
https://bnnbreaking.com/world/****stan/****stans-gas-crisis-ssgc-proposes-thar-coal-solution-amid-halving-reserves-by-2026-27
I see that GCM are finally making some progress with their coal-to-power project in Bangladesh. The 2 projects - ORCP and GCM - are pretty much the same so maybe this one will come back to life too. Imagine that. This would be an easy 10 or 20 bagger.
I think the problem is that our CEO has no interest in coal. Her pet project is green energy.
A commercially minded CEO would provide a clear pathway to monetisation or divestment of the non core projects.
"The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project"). The advancement of this Contract is subject to receiving the approval of the Scheme of Development for coal mining submitted to the Bangladesh Government under the terms and conditions of its Contract for "Exploration and Mining Coal in Northern Bangladesh".
if power china are serious and looks like they are with the $1b commitment with gcm in bangladesh, let's hope they follow suit with us in ****stan
"tuesday 16 may 2023
oracle power plc
("oracle power" or the "company")
thar block vi - mou to develop 1.32 gw coal power plant
oracle power plc (aim: orcp), a developer of energy projects, has signed a memorandum of understanding ("mou") for the off-take and development of its 1.32 gw thar coal fired power plant in the sindh province, ****stan, with the following consortium parties (together, the "parties"):
· energy department, government of sindh ("sindh government" or "sem")
· thar electricity (private) limited ("tepl"), a 100% owned subsidiary of oracle power
· k-electric limited ("ke"), the largest privately owned vertically integrated power utility in ****stan
· powerchina international group limited ("powerchina international"), a leading hydropower, electricity, and infrastructure construction company "
Let's hope so. But MOU's and LOI's are not generating cash for ORCP. If powerchina are really committed then lets see some $
It is the same company - Power China - that is involved in both projects.
I agree, though, that the main stumbling block is the 'green' CEO but even she might be forced to change her stance or risk losing her job and any value to her large holding in ORCP shares.
Yeah and looking back on GCM RNS reports, it all started with MoU's, followed by an MoU extension with Power China, which obviously is the first kicker and sign of something progressing.
https://www.lse.co.uk/rns/ORCP/mou-for-132-gw-coal-power-plant-8211-thar-block-vi-x4zw3vntwjbds3r.html
This was our MoU for an initial 12 months which will be up in May so I guess we'll soon find out if an extension is on the cards, any developments or it all amounts to absolutely nothing