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1320MW JV power plant project awaits cabinet�s nod "The government plans to generate 35 percent of the electricity from coal-fired plants by 2041. The total power generation is expected to reach 60,000MW by then." http://www.daily-sun.com/post/288175/1320MW-JV-power-plant-project-awaits-cabinet%E2%80%99s-nod-

More good news ....... Govt advances with Rampal power project ignoring protests http://www.newagebd.net/article/34678/govt-advances-with-rampal-power-project-ignoring-protests

A variety of management measures will be implemented to manage environmental impacts. Biodiversity will be conserved, and noise, dust and wastewater will be kept within acceptable limit. We will make sure that environmental parameters will be meticulously monitored, and a detailed environmental management plan will be implemented to ensure all project activities remain environmentally acceptable throughout the life of mine." How would you deal with resettlement of people if the project starts? "Our project will require resettlement and rehabilitation of some 40,000 people in phases over a period of 10 years. They will be resettled in the new township or new developed villages where all civic amenities including education, health, water and sanitation facilities will be made available." What would you suggest to speed up the implementation project? "Government has already approved our project, but for various reasons we cannot start the mining. Bangladesh is going in the wrong route of exclusive reliance on imported fuel without sufficient study. All these are leading the long-term energy security to deep uncertainties. Instead of importing energy resources spending millions, the domestic resources can be used to tackle the power and energy shortage." Biography: Gary Lye has been with the Phulbari Coal Project since January 2004. A qualified geologist and geotechnical engineer with a Master's Degree in Rock Mechanics from the Royal School of Mines in London and over 45 years of experience in the mining industry, Lye led the exploration programme and feasibility study in the project. He previously held senior positions with several leading mining companies. This included roles as Strategic Mine Development Manager with Kalgoorlie Consolidated Gold Mines at their Super Pit operations in Kalgoorlie, Western Australia, and as Manager of Mining Research for CRA in Perth, Western Australia.

GCM Resources Chief Operating Officer Gary Lye said that due to the unavailability of sufficient natural gas in Bangladesh, domestic coal resources could be used for generating electricity at power plants. Lye made the observation in an exclusive interview with The Bangladesh Post. He also said, "Bangladesh has significant coal reserves, but it needs to be used in a proper manner." What is the energy aspect of Bangladesh? "Basically, we have seen that the gas reserve is going down as people are using it on a regular basis. It is still the prime energy component for the country, maybe it's about 60%. There is always an arm-wrestle going on between generating power and fertilizer production in Bangladesh. The reserve of natural gas is fast depleting. Meanwhile, newly found gas reserves will not be able to contribute much before 8-10 years. At the same time, extraction of coal at existing reserves is stuck in political indecision. Therefore, the country's overall energy reserves continue to go down rapidly." Tell us about the mining project of Fulbaria. "The mine that we designed will fetch about 475 million tons of coal-based resources. That alone will be able to produce at least 6,000MW in the next 30 years. That makes Fulbari coal mine very significant to the country's energy sector. If you import a lot of energy products, like coal to feed local power stations etc, the big difference between importing coal and using domestic coal is that when you are importing coal, you have to rely on many other supply chain to do the right thing, you lock yourself to specific coal resources from certain countries. That supply can be affected by what happens in those countries. We have seen Indonesia changing its rule on what they will allow to export. So, it is a bit risky to rely on importing from other countries sometimes. And at the same time, the cost of transportation is also an issue. On the other hand, domestic coal mining has many positive sides. No financial risk with zero investment. In addition to 50% of net government earnings, other benefits include a new source of readily available long-term energy reserve for the country, power generation at an affordable cost; development of new industries, new transport infrastructure, potential by-product based industries; employment opportunities; regional development and poverty alleviation. All these will have direct contribution to the country's GDP growth. Our project has been submitted to the government after completion of comprehensive two-year long feasibility study as per national and international standards. Project's environmental clearance has been granted. The government has targeted to increase its capacity to 24,000MW by 2021 and 40,000MW by 2030. If our project starts, the target can be fulfilled easily and promptly." Describe the environmental management aspects of the project. "A variety of management measures will be implemented to manage env

http://www.thebangladeshpost.com/national/21141/pdf

Project-affected people to be rehabilitated: PM Prime minister Sheikh Hasina on Sunday said the people of Matarbari who have lost their lands for the power plant project there will be rehabilitated and compensated properly. �The losers will get two or even three times higher prices of lands as compensation. The government will certainly solve the problems regarding the land compensation,� she said. http://www.newagebd.net/article/33646/project-affected-people-to-be-rehabilitated-pm

Construction of Matarbari coal power plant, port starts Sunday https://m.bdnews24.com/en/detail/economy/1452701?

Bangladesh plans to set up 25 coal-fired power plants, eyeing on 2.0 per cent to over 50 per cent coal use to meet the country's electricity supply by 2022. The year 2016 has stood out for the high number of power plant deals signed-at least seven in number. With strong financial backing from China, the entrepreneurs have been able to double their investments in coal-based power plants in 2016. However, China pulled over a hundred coal power projects within its own borders, and diverted its own resources to solar and wind power last year. Still, the country has continued to invest in hundreds of coal-powered projects globally. This is how, more coal-fired power plants are on the net in Bangladesh, a country that accounts for only 0.3 per cent of global greenhouse gas emissions. Intensified plans to meet the country's demand for electricity include the 1,320MW Moheshkhali project, 1,200MW Matarbari Project, 1,320MW Payra Seaport Project and the controversial 1,320MW Rampal project based on coal. In the face of fierce opposition to the coal plant in Rampal, near the Sundarbans, the government has indicated that it is unlikely to abandon its plans to build more coal-fired power plants. Other coal-powered projects include Banshkhali Power Plant with a capacity of 1,224 megawatts, nearly as much as that of the Rampal Power plant. A deal was struck with Meghna Group for two coal-fired power plants at Daudkandi in Comilla at a cost of USD 1.75 billion. Another 1320-megawatt coal-power plant will be set up in Patuakhali which is worth USD 2 billion. In 2016, China Energy Engineering Group signed to finance two power plants, one of them is a 200-megawatt solar power plant in Gaibandha. Along with the solar power deal, it is also building BEXIMCO's 660-megawatt coal-fired power plant. The Power Division aims to generate 19,000 megawatts of coal-powered energy by 2030. Also, the infrastructure for imported coal and domestic coal development is being prioritised. It is clear that Bangladesh is betting on coal as it is the cheapest primary energy. Opting for more coal-fired power plants is threatening the programme of cutting greenhouse gas emissions. However, expansion of coal is based on the assessment of costs without factoring in health and environmental impacts. It looks like Bangladesh, a signatory of the Paris climate agreement, is sending a wrong signal to the rest of the world. The power generation capacity of the country is now 13,621 MW. The incumbent government has been successful to significantly increase power generation. Still, it is too far from creating a balanced energy mix that could take care of the growing demand. The situation is rendered more complicated due to the excessive reliance on coal. http://today.thefinancialexpress.com.bd/views-reviews/

obviously, not today then lol

You would think that we must be some news and a bounce soon suely ???

PDB sets lowest-ever tariff for coal-fired plant in Ctg http://www.daily-sun.com/printversion/details/283961/PDB-sets-lowestever-tariff-for-coalfired-plant-in-Ctg The government has managed to negotiate a lower than usual tariff for installing a 1,320MW coal-fired power plant at Mirsharai in Chittagong under an unsolicited deal. The tariff for implementing the plant has been fixed at Tk 6.5199 a unit for a 25-year period. The Consortium of Hangzhou Jinjiang Group, Hangzhou Zhengcai Holding Group Co. Ltd and Jindun Energy Equipment (Hong-Kong) Ltd will implement the power project. �It may be the lowest tariff the BPDB negotiated so far for a coal-fired power project,� a top official of Bangladesh Power Development Board (BPDB) told the daily sun. �BPDB is hopeful of implementing the project timely,� he said. The Power Division will soon place a proposal before the Cabinet Purchase Committee for implementing the 1320MW power plant project. Power Division is targeting to generate at least 35 percent of its total electricity or 8,400MW of power from coal-fired plants by 2024. By that time the country is expected to take its electricity generation capacity to 24,000MW. The government has already allowed a 1320MW coal-fired plant in Chittagong with a tariff of Tk 6.6072 per unit. Besides, another 635MW power plant will be implemented in Munshiganj in Dhaka having the tariff at Tk 6.696 per unit.

Govt plans 24,000MW power by 2021, 60,000MW by 2041 https://thefinancialexpress.com.bd/national/govt-plans-24000mw-power-by-2021-60000mw-by-2041-1516204128

http://www.xinhuanet.com/english/2018-01/18/c_136905267.htm

Powering the way to prosperity http://www.dhakatribune.com/business/2018/01/17/powering-way-prosperity-2/

Really strange why some try so hard to post so much crap to cover or hide any positive news that is posted.... so let’s try again http://today.thefinancialexpress.com.bd/first-page/china-to-invest-50b-in-bd-economic-zone-1515692339 It surely can’t be that long now before we see some positive Phulbari news .... there is no way that they are going to import all the coal required for all these coal plants!

It surely can’t be that long now before we see some positive Phulbari news .... there is no way that they are going to import all the coal required for all these coal plants!

A Chinese company has moved fast to invest US$ 5.0 billion in a special economic zone of Bangladesh for establishing industries that include a massive 2640-megawatt power plant. Officials said Bangladesh Economic Zones Authority (BEZA) has received the major investment proposal from Zhejiang Jindun Pressure Vessel Co. Ltd. The firm has sought 1000 acres of land in Mirersarai economic zone, off Chittagong port, for setting up the industries. It has already paid a part of the fund, equivalent to one-per cent of the total investment proposal, to the BEZA as per its requirement. Talking to the FE, Executive Chairman (secretary) of the BEZA Paban Chowdhury said it is the largest single investment proposal in the history of Bangladesh. "The company has conducted feasibility study for its investment for the last one and a half years and placed the proposal after that," he said. The BEZA has been able to attract the largest investment through ensuring investment-friendly environment, he added. Once the coal-fired power plant established, it would be the largest power- generating plant in Bangladesh. In the application, chairman of the company Zhou Jiancan sent a money- transfer note worth $698,083.35 in favour of BEZA. "We are applying for a specialised infrastructure-category plot on one-time- lease basis," writes the company boss of China-rated world's second-largest economy that is spreading its wings fast over the globe. BEZA officials said the investment proposal will be scrutinised by a high-powered committee of the Authority to give approval within the shortest possible time. The company -- Zhejiang Jindun Pressure Vessel Co. Ltd -- has pledged to complete its investment process within three years of getting approval from the BEZA. Earlier, the BEZA had signed a memorandum of understanding (MoU) with the company for land allocation in the Mirersarai EZ -- one of around a hundred special economic zones on the cards in Bangladesh.

http://today.thefinancialexpress.com.bd/first-page/china-to-invest-50b-in-bd-economic-zone-1515692339

https://www.google.co.uk/amp/www.thedailystar.net/star-weekend/meet-the-coal-power-plants-1518427%3famp

May be, just may be this has something to do with the volume here over the last couple of days?