Member Info for Stokes1610

RNS of a takeover offer from Powerchina hopefully

Https://www.tbsnews.net/bangladesh/energy/anatomy-power-crisis-644066?amp

Bangladesh has five coalfields having in place an estimated 2 billion tonnes of reserve.

Of them, the country has only developed one mine in Barapukuria that has as much as 390 million tonnes of coal. But as the country resorted to underground mining, it has so far produced only 13 million tonnes, which has been mainly used for the generation of around 525MW of power at the mine site.

Back in 2010, the government had thought of turning a part of the mine into an open pit mine but abandoned the idea due to environmental concerns.

However, the existing mine has caused land subsidence of more than 300 acres of land and caused other environmental hazards. Bangladesh neither got to save the environment, nor make a much better economic return out of this project.

There had been no move to explore and develop the other coal fields of the country. But all the while, the government signed several massive coal power projects for which billions of dollars' worth of coal need to be imported each year.

Let's hope they show their frustration in the upcoming election and vote against the Awami League and Hasina reelection.

I don't believe there will big backlash like back in 2005

The government have got themselves into a huge mess.

The relocation of 40,000 people is a very little price to pay for the massive benefits to a population of over 170 million people.

Have they finally come to their senses?

I hope so!

Https://en.prothomalo.com/amp/story/bangladesh/chmtri9q2b

Wonder when we will hear from the company.

Alot of questions need answering here

We've been saying this for years.

Never seems to happen

Https://thefederal.com/opinion/as-hasina-faces-heat-in-dhaka-ahead-of-polls-delhi-finds-itself-in-a-corner-too/?amp

Though Prime Minister Sheikh Hasina seems to be sitting pretty, all is not well in the South Asian country. Its Islamist Opposition, led by the Bangladesh Nationalist Party (BNP), has refused to join the polls if it is held under the stewardship of the present government because it is “bound to be rigged massively as the last one”.

Western powers, including the US, are backing the Opposition on their demand for a non-partisan caretaker government to supervise the polls.

Complete silence from the company as usual

Ncondezi Energy new name Solgenics ltd are being delisted from LSE. Shares down 68% today.

Hope Tang doesn't propose something similar with GCM

https://www.firstpost.com/world/bangladesh-pm-sheikh-hasina-drops-bomb-says-us-trying-to-topple-her-govt-12444582.html

https://thefinancialexpress.com.bd/national/an-enemy-of-awami-league-and-people-pm-hasina-slams-prothom-alo

The US does not practise its democratic norms beyond the Atlantic, said Hasina. “Does the definition of democracy change when it comes to the [countries on the other side of the Atlantic]? Why are you supporting a military dictator? I raised this question earlier and I’m raising it again,” she said.

The US lectures Bangladesh on democracy to the cheers of the opposition parties, she said. “They are lecturing us on democracy and human rights. What’s the situation in their country?”

“It has the power to topple the government in any country and the Muslim countries, in particular, are experiencing a tough time.”

“They are trying to eliminate democracy and introduce a government that will not have a democratic existence. It’ll be an undemocratic action. Some of our intellectuals, who live on selling their intellect, just keep licking the boots of those [corrupt people] only for a little money.”

In reply, he said, “The government is not in favour of coal mines by wasting valuable arable land. However, the development of the Dighipara mine following the underground method is under consideration. The government will finalise the decision if only it seems profitable without harming the environment and agriculture.”

Still saying no to open pit mining

https://www.devdiscourse.com/article/headlines/2407078-analysis-bangladeshs-energy-plan-faces-gas-dilemma-as-fuel-crisis-bites

As much as Hasina likes to say the next election will be a free and fair election, we all know the next election will be rigged.

https://www.aljazeera.com/amp/economy/2023/3/30/bangladesh-in-a-hot-seat-over-adanis-power-deal

Maybe this will be the year we finally announce the formal proposal.

https://www.thedailystar.net/opinion/views/news/import-dependence-the-root-cause-our-energy-crisis-3276231?amp

https://www.financemagnates.com/forex/exclusive-ovalx-formerly-etx-capital-is-officially-shutting-down/amp/