Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Domestic coal exploration attempt was halted amid bloody protests, storage and transportation facilities for imported coal also did not progress at the desired level, making switching to coal-fired generation difficult for years to come. Gas exploration also took a back seat for the last few years despite the country's success in ending maritime territorial disputes with India and Myanmar. Both hydroelectric and solar energy comprise roughly 2% of the total generation capacity, with coal accounting for less than 8%, natural gas 51%, fuel oils 35% and imports 5%. The huge $12bn nuclear power plant at Rooppur is still a year away from opening.
No matter good or bad, Bangladesh has little option to change its energy mix. Given the global trend, it does not have much choice to speak against coal and nuclear power.
https://www.tbsnews.net/bangladesh/pm-urges-be-economical-soaring-fuel-prices-causing-electricity-crisis-many-countries
The price of everything has gone up. Coal is not available now," she added.
Datuk Michael Tang, CEO of GCM, commented: "I am pleased that we are able to announce this successful fundraising, with new & existing investors, to provide funds for our development over the next year. I look forward to providing further updates in due course in relation to progress with the Phulbari Coal and Power Project".
Where is updates on progress Michael Tang???
https://dailyindustry.news/energy-crisis-intensifying/
Another interesting article
Meanwhile coal futures just hit another record high of 435.00.
Coal futures skyrocketed to a record high of $330 per tonne in early March and are now up almost 90% since the beginning of 2022, as mounting sanctions on Russia for invading Ukraine led to an international energy crunch and exacerbated concerns over the commodity's supply. Germany is poised to create coal reserves for electricity power plant operators, while Italy announced it could reopen some shuttered coal plants. Asian customers have also been scrambling to find alternative supplies to replace Russian coal.
https://www.newagebd.net/article/163762/open-pit-coal-mining-suicidal-for-bangladesh-energy-advisor
prime minister’s energy advisor Tawfiq-e-Elahi Chowdhury has said this
Coal import uncertainty and balanced fuel mix dilemma
https://thefinancialexpress.com.bd/views/views/coal-import-uncertainty-and-balanced-fuel-mix-dilemma-1645024281
https://m.theindependentbd.com//post/272381
In the meeting, FBCCI senior vice-president Mostofa Azad Chowdhury Babu said China and India would continue to operate coal-fired power plants for another 20 years to sustain economic growth.
So, Bangladesh should also take initiative to ensure the best use of coal reserves in the country, he said.
Decision for mining of own coal and utilizing it for mine mouth power generation must also be started now upon carrying out economic analysis. That would relieve natural gas from mono fuel dependency.
https://www.energybangla.com/price-for-power-fertilizer-industries-should-be-rationally-adjusted/