HELE coal technology key to growth in South East Asia,[worth being reminded]
High-efficiency, low-emission (HELE) coal-fired electricity generation technology will play a critical role in South-East Asia’s future economic prosperity and climate policies, according to a new report from ASEAN Centre for Energy and the World Coal Association (WCA).
The new report confirms that HELE coal technology will provide affordable and reliable electricity to more than 600 million people in the region while dramatically reducing emissions.
The report conducts a comprehensive cost-benefit analysis of climate, energy and sustainable development policies in ASEAN nations, which are set to increase their electricity demand significantly in coming years.
It finds that if ASEAN shifts its coal-fired power generation capacity to a modern, low emissions fleet by 2035, the region would reduce its cumulative emissions by 1.3 billion tonnes, equivalent to the annual emissions of the US, China and the European Union combined.
The new report is consistent with other projections by leading energy analysts. A recent report from the Oxford Institute for Energy Studies concluded that based on current national power plans, South East Asia’s coal capacity will reach 148 GW by 2025, a 139% increase on 2015.
Coal will pass gas as South East Asia’s number one energy source before 2025, the OIES report concluded.
This project is that huge..its hard to comprend. Think new city in a country that offers at best cheap labour.... now not including the many thousands of direct jobs. Think roads buildings.schools hospitails.railways. Now the 1000.s of small buisness .resturants.hairdressers.cleaners the list goes on.we will be creating a new city. We have created a package that is in place from coal to power plant finaice. . To a country that is begging for soloutions. All PFS to the highest degree even addressed the water table with super critical P.P. And the market is yet to catch on because our company are keeping it low key. To add our CEO has more skin in this than anyone .Dyani also are completely alined with us getting the best deal.. what more could you ask for? Very diffrent from the 99.9% of AIM. This year will be a transformative. And to add we are completey transparent.
Barapukuria coal mine gets $130,per M/T, which is converted to power @ profit, this is the metric to use,
our mine life is almost 40 years, not 30, there is the steel industry to support coking coal which is another revenue to add value,
For me i have to stand back & look at the greater picture today not 10yrs ago, when we decide to propose to GOB,it will be with every aspect covered ,power plants covered,mining partner covered,social impact covered,local support covered,
Ultimately the pros far out weighs the cons, not just buy a little but a huge amount,,social benefits will be incredible & life changing for a country,,
I think it will be presented in a way that Bangla can take our place ,with all the partnerships & we get brought out,but if Hasina is not confident in her ability to manage Phulbari,[given the coal scandal in Bara] we will be well sought after by many & she can even show preference & choose who ,We of course would be happy & ready to proceed too,
with so many pros,, gov tax breaks,massive discounted energy,jobs and social amenity's to this impoverished area etc, [AS ALREADY SEEN LOCAL MP,S NOW SUPPORT US] ,and as important giving dignity & hope to people,
Hasina & her class have a different experience of life than the 99.9% of people living there,
Hasina holds the key off course to a project that all advisers seem to approve of, and now with local support,its getting impossible for her to ignore ,Tang is doing an incredible job strategically,and is close,
£1/2 really can not see it, more likely£3/5 min, and if we mine once ramped up mind blowing figures that have billions of value ,,,
Its 44 where i am at the moment. I was meaning locally the lack of promotion.hence people just waiting on news rather than speculating. Would be amazed how just a couple of podcasts & interviews.with the right publication. Would create intrest. Our board know this and they are silent. There is a reason for that to my mind..and i would not be supprised now.. odds favour a great run up anytime now is my bet. Certanly before xmas most likely before. The corners are almost covered. Good luck to all of ever investors desreved a payday we do.
Come christmas we will all be having a jolly up. Remeber. Polo from this minute have 30% once they convert. dyani have too..this was of course imperative for them both.so it could come anny time..before or after J.V with miner it just gets a lot more expensive once we are ready to mine Great to see the board upbeat. The devil is in the detail and the lack of any promotion says so much. Happy easter everyone. Have a great weekend. Toe dipper you learn mate that nothing tops commonsense.. the experts get it wrong every time...you only earn cash in shares by taking the gamble when its unloved. My guess is there is a lack of buyers ATM because it just is not being promoted.
[Link this to the time scale & whats been achieved,to my thinking creates an amazing opportunity,of course Tang,Directors,Power China,CGGC,Dyani,local MP,Local Goverment ,the price shows little faith ,me i just see us gaining strength with each mile stone, & GL Awarded value min £3/5,
by this year ending we will be on a different level,,is my bet, G,L All
This is a significant step for the Phulbari Coal and Power Project as it confirms that technically the project is able to support 6,000MW of power generation.”
The new power plants in Bangladesh will be in addition to the existing 2,000MW power plant proposal with China Gezhouba Group International Engineering (CGGC).
GCM executive chairman Datuk Michael Tang said: “This is a significant step for the Phulbari Coal and Power Project as it confirms that technically the project is able to support 6,000MW of power generation.
“Subject to satisfactory negotiations, we aim to extend the arrangement with PowerChina and then for more detailed feasibility studies to be completed on the proposed mine-mouth power plants, which we anticipate will provide energy at the lowest-cost in Bangladesh.
PowerChina delivers PFS report on Phulbari power plants in Bangladesh
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Power Construction Corporation of China (PowerChina), the parent company of Sinohydro Corporation, has delivered a Power Plant Pre-feasibility Assessment Report (PFS) to UK-based mining and energy company GCM Resources (GCM) for the construction of additional power plants in Bangladesh.
The report is for further mine-mouth coal-fired power plants at the Phulbari coal and power project site.
In September this year, GCM appointed Sinohydro to conduct a pre-feasibility study and other due diligence for the proposed power plants.
These plants would have the capacity to generate up to 4,000MW at the Phulbari site.
The PFS suggests 6,000MW can be generated from the mine’s thermal coal production ‘using the latest high energy-efficient Ultra-Super Critical power plant design’.
not sure where £1/2/3 are pulled from & progress has been outstanding this last yr,, the price does not reflect potential to my mind,but i take risks & ultimately feel Bangladesh are now in a corner seeking aid from a country ,thats own growth has been dependent on coal,,
China are extremely pragmatic ,and will not get behind whims & dreams,
its all about opinion, me if i felt like you i would not be invested, really dont get why u are if you dont fancy it,,this will go to 2/3p if its not a goer, so now would be a great time to bale,,,
facts are Tang in a few years has turned this around got the biggest on board with us,, the 20/80 is a vote of confidence or they would take 0, 1.2 billion is & possible will be the largest single investor ,
i wish of course it will be sooner than later,, but like GP i will be a buyer ,
The company has done no promotion, the question is why ?
There are China with there expertise on board but the ,USA,INDIA,JAPAN ,MALAYSIA,,Would all want this project because its an absolute winner,and at current prices up to a £5 its a steal,
Do you think Tang was a little bored one day thought F**k it i fancy a challenge ,i going to throw 15million, & 5 years of my life on a little hunch i have?,
i know what i think happy easter
[never discount what could evolve with phulbari its a huge outstanding project,that will create a massive industry,a no brainier,win,win,]
Indo-Pacific Forum
BD seeks US investments in energy sector
Bangladesh has sought US investment, especially in the energy sector under the Indo-Pacific Business Forum.
The Forum is seen as a counter mechanism to China's much-hyped Belt and Road (BR) initiative.
The US has concerns about the BRI, but Bangladesh wants to be associated with both, foreign minister Dr AK Abdul Momen said.
The minister was talking with reporters about his US trip Friday.
As they have fear about 'One Belt, One Road' initiative, Dr Momen said, he told them to come here under the Indo-Pacific Business Forum and develop Bangladesh's capacity and infrastructure. "You'll be winner and we'll also be winner."
Replying to a question, he said Bangladesh wants to maintain a balanced relation with the USA and China.
About his meeting with the US Secretary of State in Washington DC on April 8, Dr Momen said it was very fruitful where they talked about how to make Bangladesh's current pace of development sustainable.
He said he urged Mike Pompeo to encourage his country's businessmen to invest in Bangladesh's marine area to explore mineral resources, including gas, using their sophisticated technology.
Foreign minister: US entrepreneurs keen to invest in energy sector
'Americans are very keen to invest in the energy (sector) and they told me that General Electric Company is coming here with a huge investment offer'
Foreign Minister Dr AK Abdul Momen on Friday said US entrepreneurs are very keen to invest in Bangladesh's energy sector which has huge potential.
"Americans are very keen to invest in the energy (sector) and they told me that General Electric Company is coming here with a huge investment offer," he said.
Dr Momen who recently visited the USA and had talks with many high officials, including US Secretary of State Mike Pompeo, came up with the remarks while talking to reporters after a meeting with Bhutanese Prime Minister Lotay Tshering at a city hotel, reports UNB.
The minister said he told the US officials that Bangladesh always encourages the diversity of investment and trade.
Dont lose sight of the fact china will not put there name to any bad practices they will be constantly reviewing great projects this will likely bring counter offers/could be the slight hold up no one other than Tang will the reason the deal is being kept so quite.
Ding Zhengguo, Chairman of PowerChina International, said they were delighted to be a partner with GCM to deliver an integrated mine and power plant for the people of Bangladesh.
"Completing the JV agreement and EPC contract are very important steps in progressing the combined project. As the power plant contractor, we are committed to a positive relationship with the community and to constructing an environmentally friendly power plant for the benefit of the local people," he said
i could not agree more the PR is nonexistent,
P/B value is 1 third,[using our capx to date with ,time & deprecation]
AIM is hopeless,until its not, its either in fashion or not,
our present price allows us to be easy pickings,[TATA could buy this create energy & a steel industry,its chump change at this price]
Hasina is close to India,
the Indian reference came up more than once, i have asked 2 eminent business people in Bangla ,one of which owns his own P/Plant, he was also of the opinion that the 6000m/w would close the deal, [its just dependent on Hasina]
These people dont work for GCM,but have corporations in Bangladesh ,
its extremely, tiresome and can be grinding, i agree,, but it is there for the taking and anything could happen from here is the feeling i got ,,im just sharing my view ,research, bla,bla, i have not sold a share to add, and there is no one more over extended,more sick of waiting than, me , but i find nothing that suggests its stalling ,the opposite in spite of our SP,
[some history back in 2005 TATA was interested in massive investments in Bangla BUT THEN THEY MESSED HIM ABOUT] Tied starting to change ?
Tata Group Plans to Invest In New Plants in Bangladesh
NEW YORK -- The Tata Group, India's second-largest private industrial conglomerate, is planning an investment program of "a little over" $2 billion in Bangladesh, Chairman Ratan Tata said Monday.
"I would imagine we would be able to look at breaking ground in the current year if gas prices are set, locations are given and approvals are there," Mr. Tata told reporters at the New York Stock Exchange, where Tata Motors Ltd. shares began trading as American depositary receipts.
Indian companies to invest $9 billion in Bangladesh energy projects
NEW DELHI: Energy is now at the vanguard of New Delhi's biggest business commitments in its neighbourhood, with power and gas leading the $9-billion investment projects India has proposed to make in Bangladesh to help strengthen Dhaka's emerging industrial base.
The Reliance and Adani Groups, and power behemoth NTPC were among the Indian blue-chip companies that concluded investment proposals on Monday in the presence of visiting Bangladeshi Premier Sheikh Hasina to supply electricity, and enhance power generation in the easterly neighbour. Cross-border power connectivity has emerged as the key bridge of friendship between the two countries over the past few years.
An agreement between Bangladesh India Friendship Power Company Limited and EXIM Bank of India for debt financing of the construction of 1,320 mw Maitree Power Project in Rampal, Bangladesh was signed. The estimated value of the deal is $1.6 billion.
Reliance Power signed an agreement worth $1billion with Bangladesh's po
i have heard that there is Indian interest in GCM , IF CORRECT it could become really interesting,with japan's,Chinese & even USA, all wanting a hold in the development of Bangladesh,,given the merits of our project who would not want it,could create a bidding war,
Indian companies to invest $9 billion in Bangladesh energy projects
This may well be only the beginning. US Energy Secretary Rick Perry has repeatedly emphasised that coal will be a key part of the Trump administration’s policies. Washington is already working to launch an international alliance that is set to include a host of other countries committed to introducing clean fossil fuel technologies – including a number of Association of Southeast Asian Nation states.
Given that Southeast Asia will account for a large part of the world’s coal use in the coming decades, the geostrategic battle lines are already drawn. Both the US and Japan have a clear interest in limiting China’s rising dominance. Apart from the military dimension, soft power aspects like energy are emerging as the battlefields of the future. Through the partnership with the US and a possible clean coal alliance, Japan may finally have the support it needs to keep up with Beijing’s expansion.
We will of course be proposing ,this year at the correct time,
He said the project will have to run for maximum time either with imported LNG or diesel as there is no available supply of gas for power plants.
Summit built up a consortium with US-based GE (General Electric) to implement the project which it obtained on unsolicited basis as it had not to compete in any bidding process.
The GE was also awarded the engineering, procurement and construction (EPC) contract for the project at a contract value of $390 million.