Member Info for showmethemoneysh

Once Tang plays that card then there is no Phulbari OP. However with his legal background I can see what this is being taken as positive news.

Been in this 15yrs on and off and the radio silence this time is joke. Since Tang took over he has milked this dry…fundraiser at 1p to see us crawl on until 2025. Nothing proactive going on. Hasina gets another term and it’s over…it probably already is

Absolute madness - what a leader. Phulbari should have been given the green light years ago and then Bangladesh would have no issues, they could be exporting and making far more.

Hasina needs to do one.

https://unb.com.bd/category/Special/the-tk-700-crore-per-month-hole-in-the-deal-with-adani-power/107204

The story broke some weeks back. Much was made of it…difference this time is that’s it’s been slightly rehashed and published. The fact that it mentions new coal mines is again a positive…

https://www.bbc.co.uk/news/uk-politics-63892381

…be lovely if she did though :-)

India making their own decisions on coal mining and remuneration for those affected…

https://www.newindianexpress.com/nation/2022/nov/26/relief-being-worked-out-for-those-who-will-be-hit-by-coal-mining-bengal-min-2522267.amp

…but she won’t run in 2023 and may even go before then. She has run the country into the financial abyss and is no leader. What’s her legacy?…sitting on a wealth of natural resource that could develop Bangladesh into the tiger it once was. She and her government have scratched around and skirted round the difficult issues whilst limit their own pockets.

Hasina made a promise after the 2006 shootings. I still think she needs to make way for anything positive to happen…I hope I’m wrong.

Yes, but it does seem to be in contradiction to yesterday’s piece. Maybe Phulbari has already been agreed and is just waiting for GoB approval…be lovely to hear something from GCM.

But it’s not the funding sorted?

What part PowerChina play in this and what does yesterdays announcement mean for the MoU?

I agree that there is way more information out there and Phulbari has been mentioned more that I ever remember but if this was any where near a green light decision then the SP wouldn’t be sat at 6p.

I still agree that Hasina is the issue here and her promise to Anu and his mob…

Haven’t got a subscription so can’t read the rest…

https://www.upstreamonline.com/energy-transition/dozens-of-coal-fired-projects-face-axe-after-china-pulls-overseas-financing/2-1-1347769

Yes, after doing a little more research I’ve seen that he stated the same in 2019 - and he expects to do it all with just 500m. Interesting to see Bangladesh on the coalition list but again, they could have been on that list since 2019.

https://www.nytimes.com/2022/11/07/climate/michael-bloomberg-announces-a-new-initiative-to-phase-out-coal-in-25-countries.html

Interesting to see Bangladesh’s name first on the list of coalition governments.

Phulbari can be the cornerstone of the transition to cleaner fuel as Coal will be part of the Energy mix for the next 50-100yrs. The developed world can’t insist on no more fossil fuels when in their development they utilised their own resources and contributed to the greenhouse gases. Cop27 without the two biggest coal producers and consumers in China and India feels a bit of a farce….

Taken from the RNS on Mar 11th this year when the POWERCHINA JV was extended.

“T he Parties back in November 2021 entered into an MOU aimed at negotiating a mutually agreed business relationship to partner each other in developing the proposed coal mine. The Parties now reinforce their belief that the High-Efficiency, Low-Emissions Coal-Fired Power Generation planned under these Joint Venture Agreements remain an attractive option available to the Bangladesh Government. An 'Energy Park" at Phulbari would provide a high level of energy and power security for the Country as it continues to develop its economy and at the same time moves towards "Net Zero Emission" targets over the moving decades.”

“…National Coal policy should be finalised for use of domestic coal.”

https://www.tbsnews.net/thoughts/short-medium-and-long-term-solution-power-crisis-524838?amp

What are people’s thoughts on Cop27 this week?

I would personally rather the SP was a little stronger than 7p if and when we get approval. I remember buying in at around 75p before it moved to over £3 some yrs back. I know we are in a slightly different position financial now but in terms of the shares in issue the numbers aren’t massively different.