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loss of life is dreadful & sad,
but in perspective Hasinas election before last, caused i think 39 deaths on the last day alone ,
many more die here everyday in local disputes,, not including the 1000,s every year because of no sanitation,hospitals,clean water, FACT !!!!
Inspite of the past 10yrs.
In which time it was almost a given to happen hence the sp bouncing between £9 &3.30 then to the lows sub 10p..
Tang has only owned this for 6yrs. 2 of which we were under the investigation from OCED. So 4 yrs .in that time it's been completely taken apart and put back together to be able to offer a solution in the present.with the largest proactive companys joining us inJ.V.... the cheapest solution that will not only create essential power but transform the whole of the poverty stricken north.. with now ample room for Bangladesh to be the partner (which has always been the real objection). Its plan to all it's a fantastic project that will bring relief. That's the reason most have hung in here. Its is all about to take off again is my bet.and the market will catch on..to add the owners are completely aligned with share holder's. There are NO big wage Bill's.NO management stringing share holders on. IMHO.
He has picked a great share in GCM, it wil go parabolic ,
the company do 0 to promote the story , the story needs to get out there simple or we dont increase,
STOCKTRADER keep promoting ,!!!!!!!!!!!!!
Pump& Dump is a company who has 0 prospects , that is not us
[1st j/v with P.C RNS]
GCM shall be responsible for obtaining the necessary approvals from the Government of Bangladesh and facilitate preparation of the Environmental Impact Assessment;
POWERCHINA shall be responsible for conducting a Feasibility Study and facilitate the inclusion of the Project as a One Belt, One Road Initiative of the People's Republic of China; and
GCM Resources PLC - MOU with NFC and PowerChina, [Latest RNS, ]
Under the MOU, the parties have agreed to the following salient terms:
Parties shall further the strategic partnership by working towards a mutually agreed business relationship to develop, finance, operate and manage the Project, [Finance the on going mine we need cash in near term ] G
with roles and responsibilities to both Jointly pursue the necessary approvals for the Phulbari Coal Project from the Government of Bangladesh; ********[PC Now actively pursuing Goverment ]
Both of these points are game changers in my opinion and we will see this along with proposal in the near term
BECAUSE WHEN these become partners 0 problem with anything,can not belive its still sssssso cheap]
The MOU provides for the formation of a strategic partnership to jointly develop the Company's proposed world class high grade coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project in North-West Bangladesh (the "Project").
Under the MOU, the parties have agreed to the following salient terms:
· Parties shall further the strategic partnership by working towards a mutually agreed business relationship to develop, finance, operate and manage the Project, with roles and responsibilities to be defined;
· Jointly pursue the necessary approvals for the Phulbari Coal Project from the Government of Bangladesh;
On a good RNS ?what's happening with polo
Nasi,
great to hear of growing optimusium on the ground in Dinajpur district.
linking in the fact that we would have been ready to propose the deal mths back, but have decided not to,[ my thoughts are really simple we would have been given directions from the meeting in china with the PM,]
IM thinking news will not be far away,
yes lots of hoops to jump through but jumping we are, & PC will ensure that, with there presents in on going projects ,this is being guided and proposed when the maximum effectiveness will occur, its being guided ,not stalled,
also there is no mine ,no coal,no power without GCM its a renewable license non transferable and 100% airtight, , Bangladesh know the window to this transforming project will close and sheer greed alone will get this done by the people at the top, don't be surprised if we in the near term aline with petro bangla, to give a bangladesh company the royaltys ,whist running the whole project ourselves , much news due in the near term,
Suggestions and Recommendations:
Power generation cost would not remain under affordable limit.
The coal port at Matrbari may not be operational before 2022 and Matarbari power plant may not come into operation before 2023 . The coal supply to all planned power plants at Matarbari , Maheshkhali , Pekua and Bashkhlai would depend on construction of Coal Transfer Terminal at Matarbari. Till now no commitment is there for investment.
In the above situation the mining of own coal and railway transportation to Payera, Rampal appears logical conclusion.
Bangladesh cannot sustain exclusive reliance on imported fuel. It has enormous possibility of exploring and exploiting own fuel. It cannot afford price shock of imported fuel. Neither it can construct highly expensive fuel import infrastructures –coal port and Land Based LNG terminals. So for ensuring sustainable energy security it must review fuel mix. Most logical fuel mix would be Domestic : Imported = 50: 50 . This would require immediate decision of mining own coal and going aggressive for exploration of own petroleum resources on shore and offshore. At the same time power transmission and distribution networks require modernization and energy efficiency needs priority attention.
Saleque Sufi
April 5, 2019
Energy Security For Achieving National Vision
Saleque Sufi
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
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.
its a muliti billion £ deal.
the time line is fantastic & keeps things on point,disclosing the aim of the deal now, of course it can be renewed , think of the work that will going at this moment there are so many options ,we sell to the government, Bangladesh power, the chinese take over the whole process from mine to producer ,we produce giving the rights to end power to partnership between china & bangla, We have presented a concrete way to both finance and produce the cheapest possible electric in this country,a way to transform a poverty stricken region in the north,
But its a big undertaking and a first for this country so must be presented with that in mind,
also it will have to suit all the main decision makers,,
there is no doubt in my mind that we are getting directed from the very top , the inclusion of china's biggest government bodys shows that or it would have stalled long ago,, hold tight its within our reach ,just not quite yet within our grasp .
different aspects of resent news & where we will be pitching,
After the recent introduction of imported LNG in power generation, now the Power Division has decided to put the existing liquid fuel-fired plants on gradual retirement and not to extend their contracts further, Nasrul Hamid said.
“We won’t further renew any contract of liquid fuel-fired plants of any area where gas or coal will be available for power generation,” he said.
He said power generation through imported LNG or coal is cheaper than that of the liquid fuel. “The government will give that preference to use imported gas in power plants which now remain idle for gas shortage,” he said.
BROADER PICTURE, Against the reality & why we are choosing when to propose ]
PM slams those opposing gas price hike
Prime Minister Sheikh Hasina yesterday said those who are criticising the gas price hike have failed to understand the reality and didn’t see the development works carried out by the government.
Hasina said the import cost of each cubic feet of LNG was Tk 61.12, but it was being sold at Tk 9.80 by providing a sizeable subsidy of Tk 51.80.
“We need to provide a subsidy of Tk 19,310 crore. If we add tax and VAT, the figure would be Tk 30,000 crore.”
The Petrobangla and other companies had proposed hiking the price by 102 percent. Bangladesh Energy Regulatory Commission (BERC) felt that it was necessary to increase the price by 75 percent. The hike, however, was by only 32.80 percent keeping in mind the burden on the people, the PM said,,
He said this power plant will use the best coal so that environmental concerns are addressed in a better way.
The PM’s adviser said Bangladesh is responsible for a very insignificant percentage of carbon emission while the developed world for the most.
He urged journalists to help the government reach accurate information about the technology being used in the coal-fired power plant.
Tawfiq-e-Elahi said ultra-supercritical technology is being used in the Payra power plant and it will have no big impact on the environment.
POWERFUL STATEMENT FROM P&E.Minister
State Minister for Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid on Friday said the country’s power sector professionals should be prepared to overcome the challenges towards supplying uninterrupted power at affordable price.
Speaking at the programme, Nasrul Hamid said there are two key challenges ahead in the country’s power and energy sector – one is uninterrupted supply of power and another is making it affordable for the users.
Emphasising on need for proper leadership, he said all the power sector departments should make effective action plans to tackle future challenges.
The government will provide whatever support is required, he said.
why would polo draw down now ?
,when they get 12% on there money they will draw down of course 100% its designed that way at there choice ,
but after dyani ,,
then it keeps them at the uppermost 29.99999%, do the figures & polo hold 17.5 million same in %,
im hoping the next round we introduce a bangladeshi ,there is sure to be one ,