Member Info for hasina

Please try and slap some sense into her

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/analysis/dirty-coal-gets-clean-nuke-power-has-no-fault-any-more-either-455846?amp

There's been no better time to submit the proposal!

Why hasn't this happen?

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.

Judging by the low and declining share price it doesn't look like proposal will be anytime soon unfortunately.

Can't seem to get any response via email

Us shareholders deserve an update!

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???

Seems like the directors have gone back into hiding after the latest fund raise and will only pop up again at the next cash call next year

It's hard to see hasina budging, the current share price speaks for itself!

Next RNS will be the Interim Result, should be this week

The share price is only 5.50p I'm finding it hard to get excited

I wonder what's happening with NFC it's been nearly 5 months since we were negotiating an extension. Plus the Powerplant joint venture agreement with Powerchina expires on the 17th of March

https://dailyindustry.news/energy-crisis-intensifying/
Another interesting article

Meanwhile coal futures just hit another record high of 435.00.

Massive volume today, but another pump and dump unfortunately

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

This is now up 92.52% since the start of the year.

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/