]What is imperative is its affordable & sustainable we offer 40yrs SUPPLY that is both the cheapest & contributes to GDP }
But it was not mentioned by the group in its press statement as how much it will cost when the plant will be using petroleum fuel or imported LNG. But an official of the group said each unit of electricity will cost minimum Tk 15-16 when the plant will be running with liquid petroleum.
A Power Development Board (PDB) official said the power tariff will be US 3.69 cents for running with gas while US 6.8109 cents for running with imported LNG and US 15.75 cents for operation with imported HSD (high speed diesel).
Sustainable development depends on petroleum exploration in deep sea,,[no your forgetting u have coal getting better & better]
Rezaul Kabir
Energy drives the engine for economic development of a country. Domestically sourced energy reduces the dependence on very costly energy import draining the foreign currency reserve.
This is specially true for Bangladesh which spends a big portion of its national budget to meet its energy need. In Bangladesh the main energy sources are natural gas, imported crude oil, liquefied natural gas (LNG) and coal.
Other minor energy sources are renewable energy like solar, wind and hydro power. Natural gas is fully domestically sourced while need for coal is partly met from within the country.
They are generally used for electricity generation, household need and fertiliser production and some other industrial need. The LNG is mostly used as fuel for vehicles and to meet household need and minor industrial need.
The stock has little to no promotion .and thats where traders are finding support at this moment. Polo dyani will only sell if we are getting brought out.or they need funds. The big holders have covered there corners should a TO come they have 30% at there choice.. it also makes more sense that we are cheap ..it does not change end result. News could fall at anytime.so trading is more of a guessing game. JV. Gob will be achived in the near term this yr.once the cat is out it will go to the right value. Unless of course it now stalls .but i have seen heard.read nothing that suggests that.
optimal share allocated for both our largest holders, best in J/V todate,, partnership in coming mths, a cup of chai with her ladyship ,
my thoughts it could be brought at any time , but feel we are in the straight run now,this year for sure my thoughts,
he BPDB is responsible for major portion of generation and distribution of electricity mainly in urban areas except Dhaka and West Zone of the country. The Board is under the Power Division of the Ministry of power, Energy and Mineral Resources, Government of Bangladesh.
BPDB has taken a massive capacity expansion plan to add about 11600 MW Generation capacity in next 5 years to achieve 24000 MW Capacity according to PSMP-2010 by 2021 with the aim to provide quality and reliable electricity to all the people of Country for desired economic and social development. The power system has been expanded to keep pace with the fast growing demand.
Incentives provided to foreign investors in the energy sector include:
Tax exemption on royalties, technical know-how and technical assistance fees, and facilities for their repatriation;
Tax exemption on interest paid on foreign loans;
Tax exemption on capital gains from transfer of shares by the investing company;
Avoidance of double taxation for foreign investors on the basis of bilateral agreements;
Exemption from income tax payments for up to three years for the expatriate personnel employed in approved industries;
Approved remittance of up to 50 percent of salary for foreigners employed in Bangladesh as well as facilities for repatriation of their savings and retirement benefits at the time of their return;
No restrictions on issuance of work permits for project-related foreign nationals and employees;
Bangladesh - Power & EnergyThis is a best prospect industry sector for this country. Includes a market overview and trade data.
Only two-thirds of Bangladesh’s population is currently connected to the electricity grid. This indicates an untapped potential market of up to 60 million people connecting to the national grid in coming years as Bangladesh continues its growth trajectory.
The fuel mix of Bangladesh’s power plants is heavily based on natural gas. The Government of Bangladesh plans to reduce dependence on natural gas and move towards coal with plans to generate 50 percent of total electricity using coal-based power plants by 2030. Other solutions include importing electricity from neighboring countries, importing liquefied natural gas (LNG), and expanding use of renewable resources, including solar and wind.
Think of the conversation,s with the two premiers
[C[, This is how china progress Getting job done going to any length, any length for progress
[B],Hasina we need your money to build unaffordable PP, no we will import coal can you lend us the money for that to, about 30 billion should do the trick ,
[C]But you have your own reserves why not be self supporting ,then you can pay for your loan,
[B]Nah rather take the gamble with your resources,and money
[C]Are you on the crack cocaine ,haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Spot prices for coal with a heat content of 5,500 kilocalories on Tuesday were at 629 yuan a tonne, well above the 570 yuan a tonne recommended by the state planner.
"The increase in domestic supplies is not able to cool prices," the official said.
China barely allowed any coal imports in December last year, delaying customs clearances in an effort to meet a 2018 import quota restricting shipments to 2017 levels.
However, total imports rose above the 270.9 million tonnes of coal imported in 2017.
The rising domestic coal prices have pressured profit margins at Chinese coal-fired utilities, industry executives said at the Coaltrans conference in Shanghai on Tuesday..
"Imported coal could be a supplement to domestic coal supply and help to control coal prices," said Guo Xinyi, director of the fuel department at China Huaneng Group, adding that the 200 million tonnes of annual coal imports cannot be replaced easily.
Chen Bin, deputy chief engineer of the fuel department at China Datang Corp, also said that imported coal has advantages on price, quality and accessibility, especially to utilities located in coastal regions.
my research led me to a few conclusions them being, the original opposition was as much akin to an instigation from people who had massive gains in importing banned rejected Indian coal[coal mafia] if not more so than locals,
The project today is completely different from 2006,in the fact its goal is to produce cheap affordable life changing energy,rather than exploit local coal,
the locals are now in favor of the project being educated since 2006 events,
167 million benefiting against a minor party against the project[ with absolute confidence it would get voted for if put to a referendum,in my view]
it an outstanding project that brings much hope, to an extremely poor suffering population]
& sadly 3 people lost there lives here then, but in real context 17 did to on the last day of this latest election,, 1000,s die daily through lack of power,,So it will of course upset some ,but so what ?,,IMHO,,THE GOOD FAR OUTWEIGHS THE BAD
Dont lose sight of the facts china will back nothing unless it commercially viable, and effective for the greater good,they as any world leader know its essential to capitalize on own resources,
GOB would be insane to put them self out on a limb to develop nonviable projects, losing there real resources,when they cant pay loans,,like ports etc,[look at sri lanka ]
In spite of all the Noise very little has happened, with GOB in gaining real improvement in real projects,,China has given only 500million of possible 30 billion, why because they can not work,,
Bangladesh has immense potential if like every country it takes advantage of natural resources ,rather than thinking its owed something by the rest of the world,,,USA,,,CHINA,,INDIA all have suggested the same i know that India was also interest in Phulbari the USA advocated us before,
Hasina is not immune if she does not do ultimately whats correct in improving the country,she will not survive ,the local people are now behind us with local MP advocating us,, Hold tight this is reflecting little of real value ,for a solution that is obvious to all,,IMHO
THE SCAPEGOAT [artical from the leading Bangla, energy mag,, great to see extremily bullish]
Till system becomes efficient and quality gas supply is ensured for all consumers, the BERC should either reject price proposal or agree to marginal increase. Till then, the proceeds of fuel security fund can bear the expenses for LNG import. Petroleum exploration efforts must get momentum and coal reserve exploitation must start. Industry and commerce would get badly hurt if gas price is substantially increased now.
Saleque Sufi;
Contributing Editor, EP
The proposals of Petrobangla and its subsidiaries for significant gas tariff increase are based on the higher cost of imported LNG. Different stakeholders and representatives of consumers, energy experts, left leaning political activists have strongly opposed the price increase proposals of gas companies. Petrobangla and EMRD failed to take decision on exploiting own coal relieving gas from overstress in meeting increasing demand. Petrobangla could not expedite exploration for petroleum resources at onshore and offshore. Gas distribution companies could not effectively disconnect huge illegal connections. It is true that expensive LNG would create huge financial impacts on Petrobangla and its companies. But it will not be natural justice done to end users for punishing them with higher price for failures and mistakes of policymakers and Petrobangla. Till system becomes efficient and quality gas supply is ensured for all consumers, the BERC should either reject price proposal or agree to marginal increase. Till then, the proceeds of fuel security fund can bear the expenses for LNG import. Petroleum exploration efforts must get momentum and coal reserve exploitation must start now.
Given our progress,over the past 2yrs the market has not yet factored in the possibility of us getting closer to our end goal, in fact its just discounted us from 2017,not valuing the incredible partnerships ,the change in government stance in waking up to the fact there is no other, real option in creating affordable energy,the facts are,
1,China will not back a pipe dream,but will a pragmatic solution ,us,
2,The one belt solution from conception to creating energy is formulate[the hard works done,with finance in place ]
3,Kept it holistic with cutting edge tec,& leaving a lion share for the GOB
4,We have cleverly partner with China & GOB
5,We now getting vocal support from local government and local residence,
6,The major share holders now have a map to retain there 30% holdings
7,Have got to this point with very little dilution
8,The major news is in the coming mths,
The market at this point is not valuing any of the above it could also be true that until this point it would have suited some for it to remain under the radar ,but now expect our company to be pro active ,and the price to follow,IMHO
the problem is not going away
overnment in 2014-2018 decided not to explore own coal and revised PSMP 2010 through PSMP 2016. The outstanding feature of PSMP 2016 is revised fuel mix. For achieving 60,000 MW envisioned power generation target fuel mix prescribed is 35% coal (34% imported) , 35% own gas and Imported LNG and 30% from power import , Nuclear , Renewables and others . If government chose to ignore own coal exploitation and cannot expedite exploration for oil and gas by 2030 it may become over 90% reliant on imported fuel. Bangladesh does not have required draft along coastal area for setting up coal port and LNG terminals. As such it will require huge investment and long time for setting up these facilities. Volatile global market will create huge price impacts in case of imported fuel. There are chances of supply chain getting disrupted from regional and global geo politics. Bangladesh must review affordable fuel mix.
Present Situation Of Gas and Suggestions: For lack of exploration and exponential growth of gas demand the recoverable proved reserve of natural gas is fast depleting creating concerns for possible gas crisis in foreseeable future. The following table is would depict the picture
Energy Security For Achieving National Vision
Bangladesh needs achieving sustainable energy security (seamless supply of quality power and energy on uninterruptible basis at affordable cost for all citizen) for achieving the national vision of developing and developed economy status. SDG7 is affordable , reliable , sustainable and clean energy supply to all citizen. Government information states of 20,854 MW installed capacity of power generation including 2800 MW off grid captive power generation and 1160 MW import from India. For various reasons ranging from fuel supply deficit to power transmission & distribution constraints more than 11628 MW power generation could not be achieved yet. Government information also states of 92% of the population having access to power. There are claims that by the end of 2019 the entire population of Bangladesh would have access to power. However, the surplus generation capacity could not ensure uninterrupted supply of quality power to all users. Load shedding is experienced in isolated areas, still industrial consumers are concerned about poor quality of power. The energy supply is not yet affordable for all, still to compensate for the cost arising out of expensive LNG import price increase of power and energy is in the offing. The supply is yet to become reliable as the quality is still poor. The supply is also not sustainable. We are not sure that Bangladesh can have more than marginal contributions from renewable energy (clean fuel) in the foreseeable future.
Energy Security For Achieving National Vision
Asia Energy Corporation, A GCM company in 2005 submitted Scheme of Development (SOD) suggesting open pit mining from Phulbari Mine. The mine was originally discovered by BHP Minerals Corportaion, the leading mining company of the world in 1994. The extensive feasibility study having detail methods of Mine Water Management, Recovery and Rehabilitation of Farming Land, Resettlement of Mining Community and Environment Impacts Impacts management were not reviewed at all. Some untoward incidents created by a vested quarter keeps mining from Phulbari in suspended animation. For the greater national interest it is strongly suggested that AEC Scheme Of Development (SOD) be thoroughly examined by accredited mining consultant and decision for mining taken at the earliest.
Study reports for mining coal from Dighipara and Kahlaspeer are also available. Due consideration must be given for that also. Mining from the deepest mine Jamalganj need further study.
yes mark size doubled ummmmmmmmmm wonder why, the devil is in the detail as they say,, going to be a great year here,, im of to asia next week & will be with some powerful people in our sector ,
look forward to sharing ,feed back, GL,All
The government engaged there own lawyers 3 year s ago and questioned the validity of our contract & was informed all the work & our £40million investment was at there invitation backed by a sovereign contract ..which means once all feasibility studies are finished they would sign project off.so any breach is on there side and they have to return all of the investment to cancel contract
Now there situation has changed they have really implemented nothing in the ambition to create energy they found no more gas .there is not another project that is cost effective.
Also link to that there biggest supporters financiers are now our partners. So how will/can anyone invest in a country that rejects international law.
This deal is being closed it's a win.win from here .that's the reason we have partnered with the best covered all corners. Even if they stall on phulbari they must buy us out with time &£ etc min of 80p.