Whats on offer here for BD4 Nov 2022 11:07
The Proposal is for the power plants to be powered by coal from a proposed adjoining open pit mine where the power plants will be located. Technical studies for both the power plants and mine have been completed and are favorable. More detailed benefits coming from large-scale power generation based on local coal:
* Saves on significant FOREX outflow (also reducing current fuel imports).
* Frees limited natural gas for more strategic uses such as production of fertilizer and petrochemicals.
* Creates up to 50,000 new jobs in Bangladesh.
* Provides security of supply and reduces exposure to world market forces (National Security).
* Develops the skills and experience in the Bangladesh workforce and will enable mining approaches to be translated to discover and develop other coal deposits.
* Alleviates poverty in the Dinajpur District and surrounding areas.
* Provides in excess of US$20 billion to GDP.
* Provides in excess of US$7 billion in taxes / royalties to the Government.
* Stimulates development in the Dinajpur region - housing, schools, medical facilities, community centres, utility supplies, new and supporting industries related to coal and co-products from the mine.
* Enhances food security by improving agricultural output through providing all-year irrigation water, farm management training and improved inputs and product marketing.
* Enables development of various industries, eg. cement, glass, construction materials, ceramics, pottery and bricks from valuable industrial co-products.
* Allows the synergy between the Barapukuria and Phulbari coal mines to be appreciated.
* Will provide the lowest tariff power when utilised in mine-mouth power plants, i.e. eliminates costly coal handling and transport costs.
* Provides security of supply all year round as based on locally extracted coal.
Mine mouth power in the coal rich but industrially underdeveloped northern Bangladesh can bring significant regional and national benefits. It can potentially provide the cheapest electricity in the country avoiding the need for long haul transportation and handling of coal as required by other planned coal power plants in Bangladesh which are mostly relying on imported coal.