Member Info for Searcher

Well who knows if this article is new or old, it is though dated 2023, so let’s see if it encourages any buying tomorrow, and if the company gives some comment… I doubt it though because they generally don’t comment on press articles but obviously it would be nice to see…..

You would also think that we should also be hearing very soon about how they got on with the fund raise …. It would be a real confidence boost if the FR came from PC or the directors!

Let’s see ……

Govt won't cut full subsidy in election year: Nasrul Hamid

https://www.thedailystar.net/environment/natural-resources/energy/news/govt-wont-cut-full-subsidy-election-year-nasrul-hamid-3332811?amp

There’s no point in putting every link on here, but it looks like this story about the coal shortage at Payra and other coal plants is getting some major headlines with it being written about in all the papers, which has to be a positive for the argument of Phulbari …

More problems for Hasina on the energy front!!

https://www.tbsnews.net/bangladesh/energy/how-will-3-new-power-plants-run-gas-short-supply-638666?amp

Whopping Tk 33,775cr subsidy for power sector in FY24

https://www.observerbd.com/details.php?id=421370

We have said unnecessary expenditures and corruption in various segments of the power and energy sectors should be stopped," Prof M Shamsul Alam, Senior Vice-President of Consumers Association of Bangladesh (CAB) said.

There is currently an extreme energy shortage in the country. In the current fiscal year, Tk 26,066 crore was allocated for the power and energy sectors. Of this, Tk 1,798 crore was for the Energy and Mineral Resources Division.

Looks like the second unit is also going to have to close, again due to coal shortage …….

Second unit of Payra power plant to stop production after 2 June due to coal shortage

https://www.tbsnews.net/bangladesh/energy/second-unit-payra-power-plant-stop-production-after-2-june-due-coal-shortage?amp

The second unit of the Payra thermal power plant will have to stop production soon due to a shortage of coal supply, said Bangladesh-China Power Company (Pvt) Limited (BCPCL) Managing Director Engineer AM Khurshedul Alam.

"We couldn't clear the bills for coal supply due to LC issues that arose from the dollar crisis. The first unit halted production on 25 May. The second unit will also have to halt production after 2 June. We are working to resolve the matter," he said.

Wow!!!

Well let’s hope there’s some truth in this article!!

Power plant profile: Phulbari Coal Fired Power Plant I, Bangladesh

The Phulbari Coal Fired Power Plant I is 2,000MW coal fired power project. It is planned in Rangpur, Bangladesh. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2027. Buy the profile here.

https://www.power-technology.com/marketdata/power-plant-profile-phulbari-coal-fired-power-plant-i-bangladesh/

Interesting result!

Will this play out in a general election, who knows, but at least this will make Hasina think twice about believing it’s a for hone conclusion that she is going to win!!

AL not embarrassed by results of Gazipur city election: Agri Minister Razzaque

https://www.daily-sun.com/post/691643/AL-not-embarrassed-by-results-of-Gazipur-city-election:-Agri-Minister-Razzaque

Matarbari power plant sets record by releasing coal

https://bangladeshpost.net/posts/matarbari-power-plant-sets-record-by-releasing-coal-112684

A fuel shortage driven by the dollar crisis prompted the shutdown of a unit of the 1320MW coal-fired Payra power plant on Thursday, halving the supply of power from the country’s largest power plant.

https://www.newagebd.net/article/202581/payra-power-plant-partly-shut

The Bangladesh-China co-owned company has a total investment of around $2.6 billion.

The S Alam Group of Bangladesh holds a majority share of 70 percent, while the Chinese company SEPCO III Electric Power Construction Corporation owns the remaining 30 percent.

Banshkhali power plant starts feeding national grid on trial

https://bdnews24.com/amp/story/business%2Frnf8pp0dzn

And just where is the coal for this plant going to come from…. Blxxdy hell they can’t even afford to supply the plants that they’ve already got working!!!!

Law enforcers cordon off Rajshahi BNP office, March programme cancelled

https://thefinancialexpress.com.bd/national/politics/law-enforcers-cordon-off-rajshahi-bnp-office-march-programme-cancelled

Interesting read ……

No respite from power price hike likely

https://www.newagebd.net/article/202421/no-respite-from-power-price-hike-likely

Compensation distributed among coal mine affected in Dinajpur

https://dailyasianage.com/news/306464/compensation-distributed-among-coal-mine-affected-in-dinajpur

Dollar crisis threatens to worsen power shortage

https://www.newagebd.net/article/202265/dollar-crisis-threatens-to-worsen-power-shortage

Khurshed said that the government could not make any payment after May 2022.

The power plant authorities allowed the government to have bills outstanding for six months, which ended in November, he said.

The four months after November generated $296 million in outstanding bills, prompting the power plant authorities to think of stopping operations after its current supply of coal expired if the government did not pay the dues.

The government has so far paid $30 million.

Another vessel docks at Matarbari with 65,000 tonnes of coal

https://www.tbsnews.net/bangladesh/another-vessel-docks-matarbari-65000-tonnes-coal-634742?amp

It needs more positive detail and from the right people before the markets will take any notice Pete

Pressure building for Hasina ...........

Two Major Challenges for Awami League Government

Two Major Challenges for Awami League Government | Print Version (daily-sun.com)

The Awami League government under the leadership of Prime Minister Sheikh Hasina has to face two major challenges in 2023: One is the prevailing economic crisis and the other is the next general election to be held by the end of 2023 or early 2024.

Ganatantra Mancha to hold Dhaka-Dinajpur road march for June 4-7

https://www.newagebd.net/article/201905/ganatantra-mancha-to-hold-dhaka-dinajpur-road-march-for-june-4-7

Fuel suppliers threaten to stop shipments to Bangladesh amid payment delays: BPC

Fuel suppliers threaten to stop shipments to Bangladesh amid payment delays: BPC | S&P Global Commodity Insights (spglobal.com)