A few mentions in this recent(ish) article about the project and the Chinese but the key piece of the article for me was after talking about the development of the Phulbari power plants:
“The Bangladeshi DECISION to start developing a “greenfield” coal power capacity raises serious questions........”.
Sounds very much to me that when we get the JV for the mine over the line, the decision has been made.
I should have added, Polo taking shares from Dyani is just as good a sign. The only difference is it’s his cash in the game instead of Polo shareholders. I’m expecting him to find the cash.
“The Bangladesh Belt & Road In 2016, Bangladesh and China signed 27 agreements for investments and loans worth around US$24 billion during President Xi’s visit to Dhaka that year. Together with the US$13.6 billion invested in earlier JVs, Chinese investment in Bangladesh now totals @US$38 billion, making China Bangladesh’s single largest investor and Bangladesh the 2nd largest recipient of Chinese loans under BRI in South Asia.“
RE: Upset about source of coal for electricity import9 May 2020 18:55
The point I think they are making is the electricity being imported from India is cheaper than the new Bangla coal plant owners can produce using imported coal so the playing field isn’t level. India’s coal is poor quality too and highly polluting.