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Probably worth a re-post …..

Recommendations-

• Reassess open-pit coal mining at Phulbari and Barapukuria alongside mine-mouth power generation.

Bangladesh also possesses significant reserves of high-quality coal in the greater Rangpur and Dinajpur regions. Currently, coal from the Barapukuria mine supports three mine-mouth power plants with a combined capacity of 525 MW. However, these plants often fail to operate consistently.

Studies suggest that Barapukuria and Phulbari are highly suitable for open-pit mining under strict environmental safeguards. Despite multiple feasibility studies and development plans, successive governments have failed to make political decisions on large-scale coal mining. Yet these coal reserves could potentially support 10,000 MW of electricity generation for decades.

Instead of developing domestic coal resources, Bangladesh invested heavily in imported coal-based power plants with nearly 7,000 MW capacity. Except for plants at Matarbari and Anwara, many face logistical difficulties transporting coal. BPDB, as the sole buyer of electricity, often fails to make timely payments, preventing these plants from operating at full capacity.

https://ep-bd.com/view/details/article/MTI5Nzk%3D/title?q=ensuring+a+self-sustainable+energy+landscape

Interesting that they should add this …. I’ve not seen this in previous options, and imo makes the timing very positive…..

The Company separately intends to grant options over new Ordinary Shares or alternatively another form of equity incentive or a bonus scheme to the Company's Employees in Bangladesh. The Company will make a further announcement in this regard following the assessment of the legal and regulatory implications relating to this.

Recommendations-

• Reassess open-pit coal mining at Phulbari and Barapukuria alongside mine-mouth power generation.

Bangladesh also possesses significant reserves of high-quality coal in the greater Rangpur and Dinajpur regions. Currently, coal from the Barapukuria mine supports three mine-mouth power plants with a combined capacity of 525 MW. However, these plants often fail to operate consistently.

Studies suggest that Barapukuria and Phulbari are highly suitable for open-pit mining under strict environmental safeguards. Despite multiple feasibility studies and development plans, successive governments have failed to make political decisions on large-scale coal mining. Yet these coal reserves could potentially support 10,000 MW of electricity generation for decades.

Instead of developing domestic coal resources, Bangladesh invested heavily in imported coal-based power plants with nearly 7,000 MW capacity. Except for plants at Matarbari and Anwara, many face logistical difficulties transporting coal. BPDB, as the sole buyer of electricity, often fails to make timely payments, preventing these plants from operating at full capacity.

https://ep-bd.com/view/details/article/MTI5Nzk%3D/title?q=ensuring+a+self-sustainable+energy+landscape

Energy sector key to achieving trillion-dollar economy: State Minister

The state minister stressed the need to reduce dependence on foreign resources and ensure the maximum utilisation of domestic energy resources to support sustainable economic growth.

“Without electricity and energy, industrialisation is not possible,” he said.

https://www.daily-sun.com/bangladesh/875936/energy-sector-key-to-achieving-trillion-dollar-economy-state-minister

Imagine moaning day after day year after year decade after decade and not once has it counted!!

Govt boosts development spending by 30% for FY27

https://www.thedailystar.net/business/news/govt-boosts-development-spending-30-fy27-4178486

The programme is structured around five pillars, including state system reform (covering judicial services, administrative digitalisation, and the introduction of a multi-year public investment programme); equitable socio-economic development prioritising education, health, and social safety nets; and economic recovery covering energy security, transport, and industrialisation.

The remaining two pillars focus on region-based balanced development — targeting the northern region, coastal areas, and ports including Chattogram and Mongla — and social harmony, culture, youth skill development, and sports.

Bangladesh offers cost edge for Chinese firms: Bangladesh China Club VP

https://www.thedailystar.net/business/news/bangladesh-offers-cost-edge-chinese-firms-bangladesh-china-club-vp-4177196

He said that the power, energy, and mineral resources sector offers significant opportunities for international investors and strategic partners, while the government remains committed to ensuring energy security, sustainable development, and a clean energy transition for future generations.

And then we move forward in time to May 2026 and what the BNP Energy Minister says ……

Govt to Prioritize Domestic Coal and Stone Over Imports: Energy Adviser

Power, Energy and Mineral Resources Adviser Iqbal Hasan Mahmud Tuku has said the government will prioritize the use of domestically produced coal and stone to reduce dependence on imports.

He said imported coal and stone would only be brought in after meeting demand with resources produced from local mines.

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Tuku said the previous government had followed an import-dependent policy that weakened domestic institutions and increased reliance on foreign sources. He added that the current government has taken steps to strengthen local resource management and increase domestic production.

He said proper use of the country’s mineral resources would help save foreign currency and strengthen industrial and energy security.

https://www.businesstimes-bd.com/bangladesh/6695

Oop’s my apologies…

Wow.... so i see someone did not like me saying that the first buy of the day was mine, and has the post removed .... that's actually quite funny ....

One thing I won’t be called is dishonest!!!!

I don’t normally state my holding / buying because it’s got nothing to do with anyone else, but just on this one occasion I will, just to shut YKIR up!!

The first buy of the day was mine, and with recent news, I’m very happy with that purchase, and am surprised as most, that I’ve been able to buy at this price again, so thought I’d take advantage of the opportunity!

I am now hoping that after yesterday’s announcement from the Energy Minister about the fact that the BNP are going to use own coal, the news flow will now pick up and then momentum will build again!!

Good luck with your trading strategy 😉

May as well post another article on the subject of the Energy Minister saying that using the countries own coal resources will happen …..

Govt to prioritise domestic coal, stone over imports

He said the previous government had followed an import-dependent policy, which weakened domestic institutions and increased reliance on foreign sources. The current administration, he added, has taken steps to strengthen local resource management and boost domestic production.

He further said that proper utilisation of the country’s mineral resources would help save foreign currency and strengthen industrial and energy security.

https://www.daily-sun.com/printversion/874358

Goonerpete and YKIR, going into melt down together by the sounds of it …. 😂😂😂😂😂

It must be so stressful for you both at the moment….

Fascist govt neglected domestic resources, built import-dependent system: Energy Minister

Later, he said, “The fascist government ruled the country for 17 years. They neglected domestic resources and created a system dependent on imports. We were elected in the last election. Our Prime Minister believes that we are the government of the people. We want to extract the resources that belong to the people.”

“The first thing needed for the country’s development is energy. When we have our own energy resources, why should we import from abroad? We sat down to discuss how we can satisfy everyone, bring everyone together, extract our own country’s energy resources and use them for the country’s development,” he added.

https://en.prothomalo.com/bangladesh/local-news/ex2mwo89zj

Govt to Prioritize Domestic Coal and Stone Over Imports: Energy Adviser

Phulbari (Dinajpur) Correspondent

Power, Energy and Mineral Resources Adviser Iqbal Hasan Mahmud Tuku has said the government will prioritize the use of domestically produced coal and stone to reduce dependence on imports.

He said imported coal and stone would only be brought in after meeting demand with resources produced from local mines.

The adviser made the remarks on Monday while visiting the Barapukuria Coal Mine and the Madhyapara Granite Mining Company in Dinajpur. He later inspected the Barapukuria Thermal Power Plant and exchanged views with officials concerned.

Tuku said the previous government had followed an import-dependent policy that weakened domestic institutions and increased reliance on foreign sources. He added that the current government has taken steps to strengthen local resource management and increase domestic production.

https://www.businesstimes-bd.com/bangladesh/6695

Pot, kettle back comes to mind,... Not sure what drilling gas has to do with Phulbari / GCM ...

Mankiniparty, yes agree, the BCI article was a very interesting read, but obviously, someone else did not think so, and so had it removed from this board ....

At least it is still on the other board for those that want to read it ...

YKIR …. It’s not ‘Once’ it’s, IF Polo get reinstated …. You say it like it’s a guarantee and a given that Polo be reinstated … It’s Not!

They may well be successful, but they also may not be!

Ffs GoonerPete, do you add anything thing to this board, other than moaning!!

I can’t even remember the last time you posted any of your own research, or links to it, yet every other day you’re on here moaning about others who try to contribute, almost trying to find someone to blame for your investment!!

It really does not matter whether others post positive or negative information / links, that’s what chat forums are supposed to be for, and at least it’s research to be debated…..

I don’t like using the filter button, but I have to say I’m close to it now, because your constant moaning and blaming everyone else is becoming very tiresome!!

Thanks digit on the other board ….

List of Projects under BRI in Bangladesh

Payra Sea Port Infrastructure Development (2 components)

Phulbari 2000 MW (GCM) Coal Power Plant (Phase-1)

Phulbari 2000 MW (GCM) Coal Power Plant (Phase-2)

Phulbari 2000 MW (GCM) Coal Power Plant (Phase-3)

Rajshahi WASA Water Treatment Plant

Saidpur 150 MW HSD Based Power Plant

Shahjalal Fertilizer Factory

Shikalbaha 150 MW Peaking Power Plant

Sirajganj 225 MW (NWPGCL) Power Plant (Unit-3)

Teesta River Comprehensive Management and Restoration

Telecommunication Network Modernization

Telecommunication Network Upgradation from 2.5G to 3G

Tier IV National Data Center Project (4TDC)

https://bwged.blogspot.com/2020/11/list-of-projects-under-bri-in-bangladesh.html