GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
The power plants and mine are diffrent buisness.this will be sold if the price is right or our partner will bring so much.. what ever happens the GL equals x20 our SP.. It a project that is sold before being dug out of the groung with a 70 billion dollar value.
if there is a seller ,it could point the way for a T/O, simply because Dyani are over the 30% if they draw down all the pay and whats owed,
just saying Could, but more interesting now the clock is ticking ,the price is the same as a spring bouncing 25/28 it will break
Present Mining and Future Prospect
A document submitted by BCML to Petrobangla evidences that if mining can be done from Dighipara and Khalaspir applying appropriate mining method, 3+2 =5 million tonnes coal can be extracted per year. This would be enough to feed 3,600 MW capacity coal based power generation. If mining can be done from Barapukuria, Dighipara and Khalaspir, about 18% of the total coal required for 50 million tonnes coal required for coal fired power generation targeted for 2041 can be met. We have not considered mining from Phulbari and Jamalganj here. The government should audit the feasibility report of Asia Energy Corporation (AEC) submitted with their Scheme of Development (SOD) by a third party specialist mining consultant and, based on their recommendation, go for mining at Phulbari. There are reports on Agricultural Land Recovery and Restoration, Mine Water Management, Mine Community Relocation and Rehabilitation, Social and Environmental Impacts Management.
n such situation observers believe that exploiting own 3,565 million tonnes of discovered coal reserve applying well practiced proven technology must be considered priority one option now. Even 50% exploitation would provide 40 Tcf equivalent good quality coal, good enough for 20,000 MW power generation for 50 years. It may be mentioned here that the depleted gas reserve is only 12.55 Tcf now. There are potential environmental and social impacts associated with coal mining. The mining would impact agriculture, sub-surface and surface water and would require relocation and resettlement of mine affected community. But there are off the shelf proven technologies well practiced world wide even in neighboring West Bengal, Bihar, Jharkhand and Orissa. In many countries like Germany, Poland, Australia 75-80% of the mined area is restored to its original state or before after mining and rest of the area is converted to sweet water lakes. Agriculture and other occupations are restored. Mine water is managed for irrigation and community use. Very authentic documents of agricultural land restoration, water management, relocation and rehabilitation of mine affected community prepared by internationally accredited mining consultant are available with Bangladesh government. Mining experts, energy analysts and business leaders have repeatedly pleaded for starting mining own coal. The government in PSMP 2010 approved fuel mix with local coal contributing up to 29% of the 40,000 MW power generation capacity targeted for 2030.
FSRUs may not be operational on 365 days given the turbulent nature of the Bangladesh offshore. The government has decided not to pursue with FSRU options any more. The land based LNG terminal would take at least 5 years if started in 2019. Between now and 2024, own gas reserve would drastically deplete creating huge gas deficit. New gas from offshore may also take 8-10 years to reach shore. The government adopted imported coal based power generation route. Even the first limited capacity coal port at Matarbari may not come into operation before 2023. Coal for Payra and Rampal power plants would need to be transported by make shift transshipment from mother vessels anchored at deep sea in the territorial waters of the neighboring countries or carrying coals in smaller Panamax vessels from source countries (very expensive option).
MINING OWN COAL IS DEMAND OF TIME
8th April 2019 Khondakar Abdus Saleque
In the wake of chronic fuel supply crisis, the much delayed exploitation of substantial volume of superior quality (high heating value, low ash, low sulfur) coal has now become an essential religious duty of Bangladesh. For different reasons, ranging from poor planning, highhanded bureaucratic inefficiency of Petrobangla and EMRD exploration of petroleum resources both onshore and offshore, Bangladesh could not match with the exponential growth of demand. There exists huge deficit in primary fuel supply. The proven reserve of natural gas is fast depleting. All producing gas fields from its present production zones have gone past production plateau. The 12.55 Tcf remaining proven plus probable (P1+P2) gas reserve as of December 31, 2018 may not last beyond 2030. But given the water drive nature of the wells, major depletion may trigger much earlier. As per own admission of Petrobangla and EMRD, in a publication on the occasion of Power Week 2018, the production capacity of the 19 out of 27 gas fields was 2,750 MMCFD. The documents mentioned about 3,996 MMCFD coincident peak demand.
February 12, 2019
Electricity bill arrears stand at Tk 6882.95cr: Nasrul
The total electricity bill arrears as of October 2018 stood at Tk 6882.95 crore, State Minister for Power, Energy and Mineral Resources Nasrul Hamid told parliament on Monday.
Of the arrears, electricity bills amounting to Tk 642.98 crore remain unpaid by various ministries and government agencies, he said placing the statistics in reply to a starred question from M Nazrul Islam Babu (Narayanganj-2).
The arrears by semi-government/non-government institutions are Tk 763.90 crore while private sector’s electricity bill arrears Tk 5476.06 crore, said the State Minister.
He said a number of steps have been taken, including severing electricity connections and conducting drives through formation of taskforces, to realise the arrears.
Coal shipments at major ports rise 11 per cent to 161 MT in FY19
Mining sector key to India’s double-digit growth rate: FICCI
It added that the mining sector’s contribution to the GDP is less than 3 per cent at present
ETEnergyWorld | April 29, 2019, 13:45 IST
Bangladeshi suppliers are charging much higher than international market for cylindered LPG used for cooking at households, Nasrul Hamid Bipu has said, reports bdnews24.com
Public hearing on proposals to hike gas prices begins Monday
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Sunday said the government under the leadership of Prime Minister Sheikh Hasina is working restlessly to ensure smooth supply of electricity in affordable price for all the people of the country.
“There is nothing to worry about it, we are working on it. It will take time for supplying uninterrupted power to all. Countries like Korea had taken 30 years for ensuring uninterrupted supply to its countrymen,” he said while addressing a dialogue as the chief guest at a city hotel.
When the next news lands, there be hugs & kisses all over the board,
you earn money buying when others doubt,
and selling when the mob come,,there will be many who will not believe the rise this undervalued stock will make,when the news lands, and every man and his dog want in,
this is not a leaky ship, you need patience this year will be outstanding,
who said im a chap ?
& rather than drag things down ,perpetually point out peoples short comings , i asked u a question rather than made a statement?
and i feel i bring much to this board in spite of your being bored,
have a great day any way i need to get on with cut & paste
look at trades recently,the news being banded about, our company are on point and getting the job done,
this will be a great couple of qtrs,
keep the faith read in-between the lines,& dont forget the biggest losers will be our board if we fail ,we are all aliened to a positive out come ,rather than a large salary ,there is no bigger vote of confidence
The proposal is for the power plants to be powered by coal from a proposed adjoining open pit mine where the power plants will be located.
Technical studies for both the power plants and mine have been completed and are favorable.
Mine mouth power in the coal rich but industrially underdeveloped northern Bangladesh can bring significant regional and national benefits. It can potentially provide the cheapest electricity in the country avoiding the need for long haul transportation and handling of coal as required by other planned coal power plants in Bangladesh which are mostly relying on imported coal.
Two points from last RNS,
1] Mine,The Company is in advanced discussions with a large international coal mining company.
2] In addition, under the respective Joint Venture Agreement with GCM, PowerChina is seeking to include the Company's proposal in the Belt and Road Initiative managed by the Government of the People's Republic of China.
So really a big ask to get it included in the resent Beijing conference given the time they have had,,but given its Power China One of the largest government enterprises, it will,
also the J/V with miner could come anytime now or next couple of mths, [this would also help gain interest from other party's, so a offer would not be out of the question,,i ask myself what would have made one of the biggest engineering company's world wide approach us & act so quickly ?
hi phulbari, i agree that we are a massive project & it will take a complete strategy ,but if /once GOB get behind project then it becomes an amazing opportunity that the Chinese/malya,japanese,india or even usa could well be part of ,
The situation regarding energy has only got progressively worse since 2005, Standing back there are many private firms now building smaller plants 100m/w, GOB really need something this size to act like the heart to both feed and create the power & financing also helping the country to jump to the next income bracket ,they recently lost there status as being an impoverished nation and the support/aid that goes with that,
out of interest knowing you did work for them many years back,when indeed we had brought the licence from BHP did you think then it was a complete non starter? or was you really bullish and behind project then ?
would it not also be true that we have got extremely close,closer than most realize to mining phulbari & thought the reason we have not was more to do with our board at the time ?
lastly do you not see/feel that M.Tang,G Lye,J Hobbson have done an incredible job and whilst working on a subsidized income for the most part,stayed to true to the project ,believing it will achieve its goal [there real pay day comes when it happens like us share holders] at a time when thay could have easily doubled there income in Auz?,
Mine
The Company is in advanced discussions with a large international coal mining company. Last RNS,
You either believe or dont i guess ,i feel/think we are closer than ever could of course be wrong but our board ,ceo his friends[giving funds] the biggest in china seem to feel the same as me,,
i would be amazed if we get a mention in beijing, china is so impressive it changed stance increadable ,from Mao,i was there last week,
[not sure it makes any sense being we have not proposed to government yet, also no one is aware of the immediate news it could be changing daily other than Tang,]
me im watching if Dyani are selling a few ,they hold over 30% to my reckoning,and with the next news looming, a B/O would force them to sell to absolutely capitalize , Is my thinking, its been extra hot in asia 104/106 ,Shit im used to high temperaturesm but with out air con, or a fan,
the S,China is changing all down to creating electric power ,electric bikes cars etc,,, you see clean coal can ultimately really be the best choice over all, until we are advanced enough to power citys via the sun but thats still years away, G,L All it will be our year
Tang our ceo,is the polo ceo, they will not sell ,unless taken over,or above 30%
he holds 7.5 million options here,& 20 million in polo, then of course the £14 million he payed for polo 5 yrs ago,[its highly thought he purchased the 15% in polo to gain access to GCM,, HE WAS EMPLOYED at the time to do the PR work for gcm & was partitioning the GOB, in spite of our SP, its what makes this so compelling,[what had he found out ?] also worth noting the previous CEO of polo,Dattles offered to buy GCM for £180p our board refused it, then went on and fluffed the deal, being an all British board then, Polo will not sell ,
its a given polo will cash in there options to keep them at 30%, its them who have got us here,not a possibility a fact,
with the next steps J/V mine & proposal ,&[ if not sold ]then a fund raiser to keep us going ,ultimately its much more likely to be in a much higher range, but with full capitalization we would only be @ 200 m/shares ,,this year max 180 m/shares,
they will not go to market until the price is in strong position,and take only what they need H,S look at M,Tang and the way he operates he will not dilute his 30% holding ,Polo will take there shares & cash there options, but in the end if all is going to plan now would be the time to buy to my mind
[once GOB get behind project,china will finance ]
State-run Bangladesh Power Development Board (BPDB) signed a deal with the Dongfang Electric International Corporation (DEC) of China on Tuesday to construct a 150-megawatt (MW) power plant at Saidpur in Nilphamari.
Through signing engineering, procurement and construction (EPC) contract between BPDB and Chinese company, 150 MW electricity will be added to the country’s northern region by June 2021.
“The proposed power plant would be set up at Saidpur and it would start supplying electricity from 2021 June,” Chairman of BPDB Engineer Khaled Mahmood said.
According to the deal, BPDB Secretary Mina Masud Uzzaman and Deputy Manager of Dongsang Electric International Corporation Ou Yanjiang signed the contract on behalf of their respective sides at Bidyut Bhaban in Dhaka.
The plant will be built on 18 acres of land in Syedpur under Nilphamari district within 540 days by June 2021.
It will be run with diesel, to be imported from India through a 130-km (kilometre) cross-country pipeline.
The total cost to build the power plant has been estimated at around Tk 10 billion, of which the government will provide around Tk 3.02 billion.
Besides, the BPDB will provide around Tk 2.15 billion from its own coffer, and the remaining Tk 4.83 billion will be project loan.
The power plant will be built under the buyer`s credit, and the Bank of China will provide 85 per cent of the EPC cost worth US$ 68.49 million.
Prime Minister’s Energy Affairs Advisor Dr Towfiq-E-Elahi Chowdhury witnessed the signing ceremony as the chief guest and said the government signed the contract with Chinese company due to reasonable price
[There are many different possibility,with Phulbari]
Indian entrepreneurs keen to invest in Bangladesh’s energy sector: Ganguly
BSS
Published: March 21, 2019 Thursday 09:03 AM BdST Category: Others
Newly appointed Indian High Commissioner in Dhaka Riva Ganguly on Wednesday said entrepreneurs of her country are willing to invest in Bangladesh’s power and energy sector as she called on state minister for energy Nasrul Hamid at his office here.
“The private Indian enterprises are eager to invest in Bangadesh’s power and energy sector,” an energy ministry press release quoted the envoy as saying during the meeting at his Bangladesh Secretariat office.
Ganguly sought Hamid’s cooperation implement the government-to-government (G to G) and other ongoing projects involving his office.
Hamid said that Bangladesh requires huge natural gas while “we are positively considering importing more electricity from India”.