Member Info for doughty9

My thoughts also Searcher. Sounds like the light may have turned to amber.

Currently there seems to be official acceptance that it will be quite a long time before the country can shift to green energy. Much in line with Forest Gump's earlier argument on the prohibitive costs of green tech for developing nations. The emphasis seems is now on going for energy efficiency to the maximum and in ALL POSSIBLE AREAS (which presumably includes coal fuel).

"Now the recently completed thermal power plants cannot go to full operation because of shortage of coal, another type of fossil fuel that like liquid variants is a source of pollution. But it will be quite long before the country can shift to green energy. In the meantime, it would be wise to go for energy efficiency to the maximum and in all possible areas".

"The prime minister has asked the various branches of the government to "speedily complete the foreign-aided and grants-funded projects with additional efforts, if required, to expedite further the country's development drive".

A few telling highlights from the article posted by Searcher below (business post Thursday 16 May)

Prior to 2009, Bangladesh's power sector suffered from undercapacity, whereas it is currently grappling with overcapacity issues. While the maximum overcapacity margin for power generation in developed countries like Japan is 20 per cent, in Bangladesh, it exceeds 25 per cent in summer and 40 per cent in winter.

Despite the overcapacity, industrial areas suffer from frequent power cuts. Industrial owners are not receiving quality power, which is severely affecting export-oriented industries.

Power stations have been constructed indiscriminately without ensuring an adequate energy supply, and gas-fired power plants have been built despite a gas shortage, impacting the power sector.

Concerns about how such a large amount of foreign currency would be supplied amid the current economic crisis.

https://businesspostbd.com/national/govt-policy-support-needed-to-solve-unrest-stagnation-experts

Well, GCM overview

https://www.gcmplc.com/phulbari-coal-project/overview

seems to fit in very nicely with what Hasina is reported as saying to the Institute of Engineers, Bangladesh.

Https://today.thefinancialexpress.com.bd/last-page/no-project-that-does-not-benefit-country-and-people-pm-1715447184

"We have to look into the return from any project. How much the people will be benefited, what will be its return or whether the project will be useful for the country. We have to make these calculation,"

Why rely on imports when the solution is already home based,

Good find Searcher

Speaking as the special guest, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has underscored on maximum utilization of mineral resources.

"We have to ensure maximum utilization of mineral resources for development of our country as today many countries became developed depending on mineral resources," he said.

Correct me if I'm wrong. I believe there was a deadline of 8 May set by IMF delegation to know govt plan on settling energy dues.

Thanks Searcher. Further from Daily Messenger:

"Industry insiders think Petrobangla currently cannot provide an adequate amount of gas to the national grid as gas production has depleted and importing liquefied natural gas (LNG) has also got expensive. So, the coal-based power plants are playing a key role in managing load-shedding and meeting the demand".

Some interesting insights this afternoon!

See earlier post by GPback.

"This is when these kind of mega financing projects get signed off with the ceremonial handshake.

However, they get formally agreed in advance."

Thanks adams for your very full and thoughtful response to my "shortly be presented" query.

I've got a better idea where we're up to.

"A joint proposal with development partner, PowerChina, will shortly be presented to the newly elected Bangladesh Government."

Has anyone an ideas on how long "shortly be presented" is, regarding the infrastructure joint proposal?

I'm still fairly new to this board.

A decent size trade of 500K at 7.5p reported at 17.15.

"The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2027." (Power Technology)

Several 100K late trades.

The mms letting this go now.

Rig 111

Make & model: Global GSR Double

Rig type: Carrier mounted, workover/drilling rig

Depth rating: Drilling 7,000’ +/-, workover 18,000’ +/-

Status: Active, located on the North Slope, Alaska

Rig Capacity: Hoist 220, rotary 200, setback 200

Power swivel: Venturetech 150 ton, 12,000 lb-ft torque

CEO and Chairman appointments

Mr. Mullholland's technical expertise was instrumental in understanding the long-term value of the Barron Flats Unit miscible flood and acquiring it for such a relatively low cost. Through further geological study, he and his team have revealed a vast area of bypassed oil pay in the Cole Creek area, adjacent to the BFU. The prospective horizons are currently under Joint Venture negotiation with a respected industry leader. The BFU and the potential joint venture requires the singular focus of Mr. Millholland and the technical team. As President of COPLA, he will be well positioned to continue to add value and success to COPL, where his strengths in upstream hydrocarbon exploration and development will focus on completing the Joint Venture discussions.

Trade showing as late @ 4.7p for 4.5 million shares?