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28700 odd are mine. Have a nice day.

So Professional, based on your statement you think the project is getting approval. Good!

I’ve been looking at the charts and the bottom has formed. Indicators are setting for a reversal. There’s a positive divergence on the 30 minute chart. These are all good signs the drop is losing steam.

Shorters, those expecting lower buy ins take note.

It’s going back up lol

I’m expecting several “coal deal” RNS’s, a submission to GoB of the SoD RNS as a minimum then many many articles in the press about it while we await approval which will be announced in the BD press imo before we can RNS it.

All the above will push us higher and higher. Take your seats, this is going to be epic ;-D

All good signs searcher. This and the other articles emerging in the press about mining own coal. There’s only one mine ready to go and that’s us.

It’s still a debt, just restructured.

Https://www.observerbd.com/news.php?id=466852

150 MW load-shedding in Ctg against demand of 1100 MW

Published : Monday, 1 April, 2024 at 12:00 AM Count : 51

Nurul Amin

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CHATTOGRAM, Mar 31: Chattogram region is regularly facing a load- shedding from 50 to 150 MW.

According to Power Development Board (PDB), the regular demand of power in Chattogram is varying from 1050 MW to 1100 MW.

But currently, Chattogram is witnessing a load- shedding of 150 MW daily.

When contacted Rezaul Karin Chief Engineer of Chattogram at 4.45 pm on Sunday, said that just now the authorities declared to withdrawal of load- shedding in entire Chattogram Zone.

But it may continue for few hours. After the Iftar, load- shedding may again vex the region.

Meanwhile a total of 26 power plants with the installed capacity of generation at 4400 MW in Chattogram Zone are now generating nearly 2000 MW on Sunday, according to PDB sources. Of them three gas fired power plants with installed capacity of 570 MW have remained suspended due to shortage of gas.

The two units of Chattogram Thermal power plant at Raojan with the installed capacity of 420 MW remained suspended for a long time for both shortage of gas and mechanical problems.

Besides, first and second units of Matarbari Ultra Super Critical Coal-Fired Power Project with the generation capacity of 1200 MW have been generating over 900 MW on Sunday.

Five hydro- power units at Kaptai with the installed capacity of 230 MW have been generating only 30 MW for lower level of water in the Kaptai lake, PDB sources said.

The first unit of Matarbari Ultra Super Critical Coal-Fired Power Project went on generation in the past year.

But the second unit also have completed test run recently, said Managing Director of Coal Power Generation Company Bangladesh Ltd (CPGCL) Abul Kalam Azad. Presently both the units have been generating over 900 MW, he said.

The trial production of the first unit of two unit power plant has been completed in the first week of September last year after test run of over one month generating 600 MW power.

Prime Minister Sheikh Hasina opened the first unit in November last.

Meanwhile, the Coal Power Generation Company Bangladesh Limited (CPGCBL) has implemented two units Matarbari Ultra Super Critical Coal-Fired Power Project. CPGCBL, a state-owned enterprise of the of Bangladesh, developed the project at a cost of Taka 51,854.88 crore.

If the plant goes to commercial operation, the entire plant will require 10,000 tonnes of coal everyday, each unit requiring 5,000 tonnes.

Four tanks having storage capacity of 17 lakh tonnes have already been built alongside two jetties at the project site to unload the coal to the tanks directly from the ships, the project director said.

The tanks

They’d need some big batteries searcher, assuming they will be charging overnight ;-)

The solar power project is surely a sweetener for the greens in BD.

The irony is they won’t have the guaranteed electricity to recharge those beasts and they will be very expensive I’m guessing. It would be silly to have to run diesel generators to charge them even though these have been the norm in BD for decades.

Still, it’s good to see where technology is taking us.

Any deal will be influenced by Chinese ‘high ups’. We won’t have access to those discussions of course. But the decision if it comes could easily be in the press before it can be RNS’d to us.

So, take a position if you want (I’ve tried to buy GCM on news and it’s a fill and kill for any decent size) and sit and wait.

I think submission of the project to GoB will be RNS’d as it is market sensitive imo so based on comments I’ve read this will be any day.

They aren’t being ignored. They are being addressed in the SoD.

That’s positive for you Phulbari

Yep, all adds to energy security problems. Something even the UK has fallen foul of with French electricity being used.

It’s good to see interest from the power plants. They should be queuing up, the coal won’t be as cheap imported and will have a guaranteed supply. No pirates to be concerned about. Well maybe the odd barrow full here and there.

I’m expecting to see deals being penned for supply. These will be RNS’d of course as they must be. The major point I’m coming to is it will make approval of the SoD that more compelling.

I made a shed load of cash with GKP. Didn’t need to work for someone else for over 5yrs!

GKP was mis-managed. Too much debt etc etc. that won’t happen here.

Next Tuesday is a long way off. 8.75p close is my bet.

The Chinese are the kingpin. They’ll make it happen. They need the growth figures and are under pressure to deliver them domestically.

Https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition

Little reminder!!

Even after the dip first thing there is still demand for the stock ;-D