RE: Target to Reduce System Loss to 6.25% Within 100 Days20 Feb 2026 20:03
You are dumb you know; PC have an EPC with GCM and are providing the logistics which they can do being a concern with assets in the area. A few years and recent increase in detail of the MOU to keep up with the 100 day deadline are indicated in https://www.lse.co.uk/rns/GCM/mou-extension-phulbari-coal-mine-development-8y59ysn6l3bbu7o.html and phulbari.org
'It is acknowledged that working under the MOU, the parties have already taken a significant step towards developing the Phulbari coal mine. This is demonstrated by the signing of an EPC contract for "Phulbari Coal Mining Infrastructure Construction and Overburden Stripping", which was announced by the Company on 11 March 2024. The scope of work under this contract includes the design, procurement, installation and commissioning of mine infrastructure and overburden removal, dewatering and drainage. It also includes selective mining and stockpiling of valuable industrial mineral co-products that occur in the overburden and are expected to deliver considerable cashflow for the Project ahead of any coal extraction. Importantly, the proposed mine development is now heading in the direction of contract mining which means that the mining is carried out by an experienced mining contractor utilising their own resources and mining equipment resulting in reduced technical risk and start-up capital expenditure requirement.'
'Working with Power China, and others, the company is evaluating and finalising Joint Ventures (JVs) to fund and manage coal delivery from the mine to both domestic and export markets. This would involve upgrades to both existing rail lines, new rail lines, rolling stock, highways and barges.'
Who else but GCM and PC can come up with the goods- noone. PC and GCM cannot be dictated to and they will be negotiating a fair deal for everyone within the 100 day window posted this AM
'It mentions initiatives to approve technical and financial feasibility studies for developing the northern and southern parts of the Barapukuria coal mine through open-pit mining. There are also plans to approve separate projects for the exploration of heavy minerals and other mineral resources in river and coastal areas.'
https://energybangla.com/target-to-reduce-system-loss-to-6-25-within-100-days/