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What a coincidence this time scale fits in quite nicely with Phulbari 🤔

PATUAKHALI POWER PLANT: Govt to tender for coal on 5th occasion

The RPCL-NORINCO Intl Power Limited wants to select a supplier for the import of coal from Indonesia for its plant for five years

The government is going to retender the procurement of coal for the 1,320-megawatt thermal power plant in Patuakhali for the fifth occasion after the previous four bids in as many as four years went abortive.

‘The decision of retendering the coal import was taken in the past week,’ said Power, Energy and Mineral Resources adviser Muhammad Fouzul Kabir Khan on Saturday.

https://www.newagebd.net/post/country/274671/patuakhali-power-plant-govt-to-tender-for-coal-on-5th-occasion

Chief Adviser Professor Muhammad Yunus is set to hold a crucial meeting on Sunday with representatives of the Bangladesh Nationalist Party (BNP), Jamaat-e-Islami, and the National Congress Party (NCP), according to Chief Adviser’s Press Secretary Shafiqul Alam.

The talks, scheduled for tomorrow, will focus on the upcoming national elections and the political roadmap ahead.

https://www.jagonews24.com/en/politics/news/85218

It’s funny because I was thinking last night after 20 years, we almost don’t believe it will happen and there will be many that feel exactly the same, some of those would have sold out on Friday thinking they can trade it and buy lower, I know that games will be played, but I honestly don’t believe we will be dropping back, so they will now have to buy back in at a higher price …. Traders I do honestly believe will become more and more cautious as we get closer to December now, which actually is not that far away and those who want to build any larger positions are now going to have to work very hard ….

I’ll probably be totally wrong and we will be red on Monday 😂😂 but I don’t think so 🤞

2) Is the article suggesting that the government plans to revisit the old energy plan and build more coal plants?

Yes, to some extent.

• Original ambition scaled back: The article notes that earlier plans envisioned building up to 10 coal plants in the Matarbari–Moheshkhali area (around 20 GW of coal capacity), but that figure has since been scaled back to 10–15 GW. This indicates a shift—less ambitious, but still substantial—rather than an outright pivot away

• Revisiting the master plan: The Daily Star reports that authorities are open to “revisit the plan to better align it with our national interests and long-term vision” . That phrase suggests a willingness to adjust the blueprint—not necessarily scrap coal altogether, but balance it with other energy goals.

• Continued coal infrastructure expansion: Despite the scaled back ambitions, the infrastructure supporting coal remains robust—especially the deep sea port, coal jetty, and logistic hub. This infrastructure could serve both existing coal plants (like Matarbari Phase I and potentially Phase II) and any future ones.

• Revival of Matarbari Phase II: Independent sources confirm that Matarbari Phase II (another 1,200 MW of coal-fired capacity) has been revived. The Planning Commission approved its project development proposal (PDPP) in May 2025, and financing discussions are underway

Govt revives cancelled Matarbari 1,200MW coal-fired power plant

https://www.tbsnews.net/bangladesh/govt-revives-cancelled-coal-power-plant-1152576

So, it looks like they have yet another out let for Phulbari coal with the expansion of Matarbari, AND it looks like the Interim Government in May 2025 also revived a plan to build another 1200MW coal power plant at Matarbari …..

You don’t revive an old plan to build yet another 1200MW coal plant, unless you have a plan where you know that you are going to have a guaranteed coal supply!!!!

This really is looking positive……

Matarbari: The island where Bangladesh is building its economic future

https://www.thedailystar.net/business/economy/news/matarbari-the-island-where-bangladesh-building-its-economic-future-3973776

I also put a couple of questions to AI ….

1) If Phulbari open pit mining gets the green light, could its coal supply the Matarbari coal fired plants mentioned in The Daily Star article?

Yes—it appears entirely plausible and even strategically aligned.

• Phulbari’s role as a domestic coal source: GCM Resources, in its reports, clearly states that one of the main aims of developing the Phulbari coal mine is to supply coal to existing (and planned) coal fired plants across Bangladesh. They note, “a reliable domestic market for the Phulbari coal mine’s full production” is essential to the project’s economic sustainability

• Bangladesh’s installed and planned coal capacity: Bangladesh already has roughly 6,035 MW of installed coal fired power generating capacity, requiring around 16 million tonnes of coal per year—roughly equal to the Phulbari mine’s planned output. Plans for expansion could see coal power capacity reach 11,830 MW, potentially demanding 36 million tonnes of coal annually

• Logistics synergy with Matarbari: Since the Matarbari power complex is being built with its own deep sea port and coal handling facilities, transporting Phulbari mined coal there—or via those facilities to other power stations—makes logistical and economic sense.

So yes, if Phulbari is approved, its coal could realistically feed the Matarbari coal plants and potentially others around the country—especially given existing infrastructure and capacity demands.

420 K delayed trade at 7.05p

Quite funny really …. I was only talking to a friend of mine (yes I do have some lol) earlier this week and said I’d expect to start seeing large delayed trades soon as larger positions start being taken ….

Not sure why this is being removed, but here is a direct quote from the Government energy department in an interview this week!!!

“we also have some coal buried under the ground. So we are also preparing a document that will

allow the next government to proceed with coal extraction.

we are still working on this updating of the integrated power and energy sector master plan and then we'll we should be done all this by December”

Obviously we already know that Phulbari is the only mine ready to move forward once any decision has been given….

Maybe its just because its finally been said by a government official that they plan to use their own coal, and are actually putting into their energy policy, and knowing that Phulbari is the only mine ready to go as well of the fact that the the Teesta River project has been given the green light people are just buying because they know what value is here on the green light for Phulbari :)

Volume looking good today..... ;)

Looks like due to the governments Power Energy & Mineral Resources Advisor's interview, stating that Bangladesh will recommend using own coal in the new energy policy is sinking in :)

I am guessing and hoping that as we get closer and closer to December, for those that just want a small quick trade its going to get harder and harder as the drop backs as we rise will become less and less as those holding for the hopeful massive returns on the green light decide to hold on to their golden nuggets .. lol

After a slow start, it looks like we are now on the move ;)

6.30 - 7.00

GPBack, I am guessing that your trade is for £300 at 6.195p which is showing on Money AM..... strange though that it is still not showing on this LSE site though??

Not a problem, but just thought it was strange that it is not showing up on LSE....

Excellent to see, thanks for your work on the transcript digit ……

Without doubt we have an exciting few weeks ahead 😅

Address deep-rooted constraints to unlock investment opportunities: PRI

Principal Economist at Policy Research Institute of Bangladesh (PRI) Dr. Ashikur Rahman on Thursday said without addressing deep-rooted constraints in energy supply, logistics, and political uncertainty, it will be difficult to unlock new investment opportunities.

https://unb.com.bd/category/Bangladesh/address-deep-rooted-constraints-to-unlock-investment-opportunities-pri/167220

BNP are certainly expecting some massive growth of 10 million new jobs in the first one and a half years after they win the election, so you would like to think Phulbari has to be part of that...….

If voted to power, BNP has realistic plan to create 1cr jobs in one and half years: Khasru

BNP Standing Committee member Amir Khasru Mahmud Chowdhury today said BNP has a plan to create one crore jobs in one and a half years and it is not a political slogan, rather it has a well-planned, realistic and implementable roadmap for that.

“We have made this promise after doing homework and analyzing the possibilities. Our plan includes skill development, creating entrepreneurs, preparing workers to increase remittances and exploring creative and digital sectors,” he told a roundtable meeting at a city hotel.

Global Entrepreneurship Network (GEN) organized the roundtable on “Skilling Bangladesh: Advancing the Skills and Employment Ecosystem for National Growth”.

https://www.bssnews.net/others/306326

Hahahaha, sorry digit, i just refreshed my screen to see that you had already posted about this ... my apologies mate

Well if you calculate that the election is going to be on February 10th that means that we have 116 trading days left,

Not long at all really and that time is going to go sooooo quickly lol...

The Election Commission (EC) on Thursday unveiled a roadmap for the upcoming 13th National Parliamentary Election, prioritising 24 key tasks, including delimitation of constituencies, finalisation of the voter list, registration of political parties, and approval of domestic election observer organisations.

Senior Secretary of the Election Commission (EC) Secretariat, Akhtar Ahmed, announced the roadmap at a press briefing this afternoon.

As per the roadmap, the parliamentary polls are set to take place in the first half of February 2026, while the election schedule will be announced in the first half of December this year.

https://thefinancialexpress.com.bd/national/ec-unveils-roadmap-for-13th-national-elections

💥 Nice spot redeyes … if your interpretation is correct, then Pappi’s thoughts about Yunus announcing the Phulbari deal before he leaves will be correct and will be boom time 😅

Nice find digit….

Probably over thinking, but could this also be linked in order to transport coal around the country 🤷‍♂️

Dr. Khan, a former Power Division Secretary and noted economist, said an integrated multimodal transport plan is underway. It aims to streamline road, rail and waterways with data-driven logistics to reduce costs and identify infrastructure gaps, positioning Bangladesh for global competitiveness.