SoD already approved?17 Jan 2019 21:14
If you interpret the message in between the following lines from the RNS today, it basically confirms that the Scheme of Development (SoD) has already been approved.
" The proposed Project, which is part of a broader strategy by GCM to generate 6,000MW of low cost
electricity for the Bangladesh market utilising domestic coal, providing an estimated US$12.5 billion in
foreign direct investment, AT NO CAPITAL COST TO THE GOVERNMENT AND IS IN LINE WITH THE GOVERNMENT'S ENERGY DEVELOPMENT MASTER PLAN AND ELECTION MANIFESTO OF CURRENT PARTY IN POWER BEING TO PURSUE THE LOGICAL USE OF THE COUNTRY'S COAL RESOURCES. The power plant utilising ultra supercritical technology with its high-energy efficiency enables maximum power to be generated from the coal, provides lower levels of emissions and delivers the lowest cost of power.
'Nuff said!