Member Info for GPback

…… Phulbari will be agreed.

https://www.thedailystar.net/news/bangladesh/diplomacy/news/pms-visit-china-dhaka-seek-20b-fresh-loans-beijing-3648276

PM’s visit to China: Dhaka to seek $20b fresh loans from Beijing

Porimol Palma

Porimol Palma, Rejaul Karim Byron , Jagaran Chakma

Thu Jul 4, 2024 12:00 AM Last update on: Thu Jul 4, 2024 10:16 AM

93

Shares

facebook sharing button twitter sharing button whatsapp sharing button email sharing button sharethis sharing button

Bangladesh China bilateral trade

Bangladesh will seek fresh loans amounting to $20 billion during Prime Minister Sheikh Hasina's upcoming visit to China, which Beijing hopes would be a "game changer" in the bilateral relationship.

Of the sum, $15 billion would be for infrastructure projects and $5 billion -- which would be disbursed in yuan -- would be to facilitate payments for imports from China, according to the officials involved in preparing the proposals.

"We have reached consensus on several aspects but are yet to finalise it -- we will finalise it by July 7," one of the officials told The Daily Star yesterday.

The foreign ministry yesterday held an inter-ministerial meeting for finalising the joint statement that will be adopted by Bangladesh and China during the PM's visit from July 8 to July 11.

The visit comes just two weeks after Hasina's first state visit to India after she was sworn in as the PM for a fourth straight term.

The trip to China, Bangladesh's largest trading partner, is viewed as a balancing act by Hasina, who hopes to be in the good books of two competing regional powers.

Bangladesh will seek Chinese support for the Southern Integrated Development Initiative (SIDI) centring the Payra Port in Patuakhali, according to finance ministry officials.

This will be an integrated development plan for the southern region involving projects on transport and communication, ICT, power and energy, logistics and a special economic zone.

SIDI will see the establishment of an electric vehicle plant, a hi-tech park and a logistic hub at a strategic location, said a finance ministry official.Japan is supporting the Moheshkhali-Matarbari Integrated Infrastructure Development Initiative (MIDI) and the BIG-B Initiative (The Bay of Bengal Industrial Growth Belt).

"Similarly, Dhaka wants Beijing to support SIDI," said a foreign ministry official.

Bangladesh earlier sought a loan in Yuan worth $5 billion to facilitate importers to make payments for goods and services procured from China amid Bangladesh's strained dollar stockpile.

Bilateral trade between Bangladesh and China stands at $23 billion, with imports by Bangladesh accounting for almost the entire sum.

A team of Chinese Exim Bank yesterday met with officials of the Economic Relations Division, the finance ministry wing that negotiates foreign loans, to discuss the terms and conditions for the loan, The Daily Star has learnt from officials informed with the pro

…. 😁

They short it down to their buy in range. One of these days when they close their shorts it will go past the point they can hold it at.

It will move up quickly at that point.

It’s got to be mates rates from the City. It’s so corrupt.

Still shows it’s going to be a good endgame.

Only if he was behind the offer.

We’re going to get an offer for the company. That’s my conclusion.

Directors, don’t forget your Fiduciary duty to the shareholders.

…… continue. 🥱

It didn’t take into account the significant value of the overburden materials which will fund running costs and more probably 😁

Wowsers.

The £10 party is back on 😮

Few more shares in issue than that Ilka.

So a hundred bagger potential 👊

Https://en.prothomalo.com/bangladesh/n8r9fphw22

Power supply from Adani plant halted completely

Staff Correspondent Dhaka

Published: 29 Jun 2024, 14: 40

Follow us

Adani power plant

Adani power plantFile photo

The supply of electricity from Adani Group's coal-fired power plant at Godda in Jharkhand, India, has been halted completely, exacerbating the power crisis in Bangladesh.

The power plant supplies around 1,500 megawatts of electricity from its two units to Bangladesh through Rahanpur in Chapainawabganj. One of them has been out of production for routine maintenance, while the other halted power generation due to a technical glitch on Friday.

The power company could not provide any exact timeframe for the resumption of electricity supply.

Two officials of the Power Grid Company of Bangladesh (PGCB) and the Bangladesh Power Development Board (PDB) confirmed the developments to Prothom Alo.

According to them, the second unit halved its power generation on 25 June due to technical issues and had since been scaling up gradually. However, a technical glitch led to a complete suspension of power generation at the unit at 9:43 am on Friday. There have been efforts to fix the issues.

Earlier, the first unit went into maintenance amid a low demand during the Eid holidays and is expected to resume power generation on 5 July. The two units have a production capacity of 800 MW each.

Adding to the woes, a 622 MW unit of the Payra power plant has been under maintenance since 25 June.

The sudden halt in electricity supply has led to a severe power crisis across the country, with rural areas suffering from severe load shedding.

However, the situation improved to some extent thanks to lower demand amid rain on Saturday.

Khandkar Mokammel Hossain, a member of the BPDB, told Prothom Alo that a power crisis was created due to the abrupt suspension of supply from the second unit. The Adani power plant is supposed to resume power generation in its first unit on 5 July, while the exact time for resuming power generation in the second unit is yet to be determined.

The Adani power plant began supplying an average of 750 MW electricity from its first unit in March last year, while the second unit went into operation in June.

Excellent searcher.

The new £10 party is a very acceptable $5.50 then 😁

New projects

China's president Xi Jinping visited Dhaka in September 2016. During this historic visit, it was decided to implement 27 projects. Of these, 15 have been completed, six are underway and there is consideration of replacing the remaining six with new projects.

It has been learnt that Bangladesh raised some new projects for China's consideration at the foreign secretary level meeting between the two countries at the beginning of this month. It was pointed out to China that much delay is made in scrutinising the projects for which the feasibility of the projects is harmed.

50p would be rubbish.

I have seen this type of holding and buying off book many times. It’s usually followed by news (good news), and that news is usually a T/O.

….. before an offer to the company is made 😉

….. seeing trading patterns like this mornings, especially when you are watching intently for insider buying.

Good luck. I hope everyone is in and long!

Https://www.dailymessenger.net/business/news/22823

Govt pays the price for import dependency

Severe loadshedding in rural areas

Jannatul Ferdushy, Dhaka

Published: 08:12, 28 June 2024

FacebookMessengerLinkedInTwitterWhatsAppShare

Govt pays the price for import dependency

Photo : Messenger

After the industries resumed operations following the Eid holidays, loadshedding increased dramatically across the country, especially in rural areas, due to reduced power generation caused by a shortage of primary fuels.

Power Development Board (PDB) data reveals that gas, LNG, and coal-based power plants, which rely on imported fuels, have cut electricity generation, leading to a decrease in power supply to the grid. Currently, oil-based power plants are meeting demand, but rural consumers and industries are suffering from electricity and gas shortages.

Experts attribute this crisis to excessive dependence on imported fuel. Additionally, the government is struggling to pay outstanding bills due to a shortage of dollars and funds.

According to the data as of Thursday, SS power generation capacity stands at 1,224 MW, but currently, the coal-based plant supplies only 429 MW. The Matarbari coal-fired plant, with a 1,200 MW capacity, supplies 469 MW. The Ashuganj gas-based power plant supplies 230 MW despite having a 400 MW capacity. The Chandpur 200 MW capacity gas-based plant generates 17 MW. The RPGCL gas-based plant with a 210 MW capacity is now generating only 15 MW. The Mymensingh 200 MW plant, run by gas, is now generating 145 MW. The Rampal Power coal-based power plant, with 1,234 MW, is generating 850 MW. The Payra coal-based plant, with a 1,244 MW capacity, is generating 622 MW. The Barishal 307 MW coal-based plant is generating 200 MW. The Barapukuria coal-based plant, with a 250 MW capacity, is generating 120 MW.

Officials claim these plants are under maintenance, but it is surprising that all gas and coal-based plants are simultaneously undergoing maintenance while the government has halted LNG imports and reduced coal imports.

Senior Secretary Md. Habibur Rahman of the Power Division told The Daily Messenger, “The plants Payra, SS Power, Rampal, Adani, and Matarbari are in maintenance.” He said that Payra will resume operations within 2-3 days, while Matarbari and SS Power will remain unavailable until the transmission project is completed.

To support power plants and industries during emergencies, the government established two floating re-gasification Liquefied Natural Gas (LNG) terminals in Moheshkhali. However, these terminals are currently unable to supply gas to the grid when power plants and industries need LNG support.

Summit Group's Floating Storage and Regasification Unit (FSRU) at Maheshkhali in Cox's Bazar, damaged by Cyclone Rimal, has been sent to Singapore for repairs. The 500 million cubic feet per day terminal is expected to take 15 to 17 days to repair at a Singaporean dockyard. Additional time w

They surely can’t keep the lid on this. 😀

…… 😁😁😁