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Interesting digit. Now not “if” but “when” might very soon be “now”.

How many trading days until the December Energy Policy, is announced 50 or so?

……. and they’ll come up with a 10-point plan no doubt 🧐.

I’ve heard the UK government talking like this over the last few years. 😩

Https://www.observerbd.com/news/543750

Tender cancellations raise concerns at RNPL thermal plant

Published : Saturday, 13 September, 2025 at 12:00 AM Count : 167

Staff Correspondent

The fourth phase of coal supply to RNPL's 1320 MW thermal power plant in Kalapara, Patuakhali has been cancelled, following the recommendations of an investigation committee. The inquiry into the tender itself was also abruptly cancelled, citing several reasons, raising concerns about transparency.

Experts and industry stakeholders say the cancellation of both the tender and the inquiry was based on a one-sided report, raising unreasonable issues. After the tender was cancelled, Singapore-based Yangthai Energy, the only technically and financially qualified bidder, filed a writ petition in the High Court on August 28. The court issued a three-month stay on the cancellation.

The Power Division has been asked to explain within four weeks why cancelling the tender and inviting new bids would not be illegal, and why an agreement cannot be signed with a qualified company under the law. Earlier, on August 24, Yangthai Energy wrote to several government offices, including the Chief Advisor's Office and finance ministry, alleging bias and syndicate activity in the tender process.

According to sources, the sequence of events is as follows: the fourth round of coal supply tenders was evaluated, a three-member committee was formed with Power Division Additional Secretary KM Ali Reza as convener, and the committee submitted its investigation report in early August on alleged irregularities.

The report stated that Indonesian state-owned coal mine PT Bukit Asam issued an unconditional commitment letter in a specific format only to Yangthai Energy. Other bidders submitted letters with conditions or in different formats. While the report called this a 'coal rejection criterion' (required to guarantee coal supply in a fixed format), the tender evaluation committee treated it as a 'minor deviation', giving Yangthai Energy a competitive edge.

RNPL contacted the mining authority multiple times. The authority cited operational challenges and exceptional circumstances for variations in letters. Other bidders failed to submit all required certificates for mining, export, sales, and transportation.

Prof M Shamsul Alam, Energy Adviser of the Consumer Association of Bangladesh (CAB), said, "Government procurement must be transparent and competitive. Repeated tender cancellations drive away investors and disrupt operations. If coal cannot be imported, RNPL's plant will remain idle, reducing electricity supply and causing losses to the government."

Energy Adviser Muhammad Fouzul Khan added, "Why the tender is repeatedly being cancelled, we will look into it. Hope the ministry will resolve the issue soon."

The investigation report also suggested possible collusion favoring Yangthai Energy. However, industry insiders called the allegations "weak, unreasonable, and

One day Phulbari will in the title of coal extraction digit. It’s going to happen.

Https://www.observerbd.com/news/543594

Coal shortage forces 1,800-2,000MW power supply cut

Published : Friday, 12 September, 2025 at 12:00 AM Count : 248

Shahnaj Begum

Coal shortage has forced a supply cut of 1,800-2,000MW of electricity from coal-fired plants during the severe heatwave, which has driven up demand by an additional 700MW, according to the Bangladesh Power Development Board (BPDB).

"Coal shortage and technical faults including boiler problem, have forced us to cut the supply, Unit-1 of Adani Power Jharkhand Limited (APJL) Godda, with a capacity of 717MW, went offline early Tuesday morning due to an operational fault in the stacker and coal feeding system. At the same time, two units of the Rampal Power Plant reduced supply by about 500MW because of a coal shortage," BPDB official said. Moreover, unit-2 of the Matarbari plant, capable of generating 600MW, was shut down last Thursday following a boiler problem.

"We are suddenly facing multiple technical issues in coal-fired plants," BPDB Chairman Rezaul Karim said adding that the situation is compounded by extreme heat, which has pushed up demand by another 700MW.

Two of the three units of Barapukuria power plant are in production and have been producing around 235MW, against the combined capacity of 444MW. The largest 275MW unit has been producing around 170MW due to mechanical problems, the PDB said.

Only Payra power plant has been producing at capacity.

The PDB has been producing around 11,000MW during day-time peak hours and around 13,000MW in the evening peak hours, which are about 1,000MW short of the demand.

Barishal has the blessing of Payra. It is the only division that is not experiencing power cuts.

Bangladesh's total power generation capacity is 27,086MW, including Adani's plant. Other coal-fired plants at Banshkhali, Payra, Patuakhali, and Barishal remain operational. However, the combined effect of technical failures and coal shortages has forced a supply cut of 1,800-2,000MW from coal-fired plants.

Karim said Rampal requires 12,000 tonnes of coal to operate at full capacity, but unloading was disrupted by rough seas in the Bay of Bengal. APJL sources said Unit-1 was withdrawn at 07:22 BST, while Unit-2 is supplying 750MW against the plant's total capacity of 1,435MW.

The crisis deepened after two coal-laden ships for Bangladesh-India joint venture Rampal became stranded at Akram Point on Sunday due to excessive siltation, sparking a dispute between the Power Division and the Shipping Ministry over dredging delays. "Distribution companies managed to supply around 15,000MW against a demand of more than 16,000MW. To cope, the BPDB has asked the National Load Dispatch Centre to implement equal load-shedding across rural and urban areas," the chairman said.

That would be very nice digit and why not.

We are going to go up pretty quickly soon if so.

Agreed digit. 7-8p will be taken out as there will naturally be sells there the there’s an 8p to 13p trading range for them to play with.

It’s coming.

No-one is selling it down 😙

Fyg, we’ve all done that so don’t feel bad about it.

Some people trade part of their holdings. I get that too and are not that bothered if it takes off prior to being fully invested.

For me, trying to trade in the pennies the way the spread works is difficult and un small retraces you’d be lucky if you got back in lower more than 20% of the time. Especially in an uptrend. You can make money with every trade but would have made a lot more by not trading.

This is an investment opportunity for me not a short time trading opp.

Not many people selling will focus things particularly with the run up to December coming at us full speed.

Further evidence of City interference. Dropping a tiny sell at 6p.

When will they learn we aren’t that stupid and we know the score 😊

Just wait until the City boys fall out of line and start fighting each other for stock 😂.

Those will be the explosive days.

They can’t hide forever Redeyemines. When was the last RNS related to holdings. It just doesn’t add up that the City aren’t interested in making money through GCM stock.

Do you remember all the ‘new’ posters working the stock on LSE before the last placing? They were clearly employed as a driver of price ahead of the placing. So we know they do use these boards actively.

Green boxes are a good sign especially right now. The long termers are not selling it seems at all. There may be a few traders losing interest as they seek moves elsewhere but those won’t feed the City’s requirements for getting a 5-10% minimum stake. The only answer is to pay a bit more 😉

Searcher, you are correct. When you’ve got the Rampal example as a model, one that has been successful and is rejuvenating the area, people sceptical about Phulbari can use it as a working example of how transformative it could be.

I’ve a 9-9.5p target for the traders.

Few resistance points to get through on the way. May well hit that Zak Mirs 10p after all.

Who is going to press the ‘buy’ button and set us off 😚

Share price relaxes off a high, there are a few sellers, it drops a little then they all get mopped up quickly 😂.

Set for the leg up now ⬆️

Looking sweet. Trading above 6.5p would be a great sign.

Keep posting boys 😆

Found the 2019 entry which has some level blurb on GCM before needed to join to download a detailed PDF.

If he’s back into GCM potential then the message willl be far and wide with his followers.

We’re coming to crunch time. This is getting close. That’s what my gut is saying.

GCM need to RNS the correct information official information if we are that close to approval of the SoD.