Member Info for tiggy2101

I am sure the BNP would challenge this contract with Adani if they get into power. I hope they participate in the elections, they can't be any worse than this lot (AL)

Searcher, Dr. Tawfiq-E-Elahi Chowdhury needs to be sacked, totally incompetent, and talks absolute rubbish. All the plans regarding the water issues have been covered. But maybe he is kept in that role as a matter of convenience by Hasina. Lots of brown envelopes must be taking place in the back ground, and after 17 years the can is still being kicked down the road. May the Bungla's want GCM to simply run out of money. I cant see any institutions wanting to invest in the project while Hasina is in charge. I think the country will eventually go bankrupt, and will remain a third world country.

You couldn't make it up Srarcher LÒL

The consultant will also review the past coal power agreements for detecting shortcomings in them in order to protect future coal power deals against similar shortcomings, said BPDB officials.

I agree Stokes, It is going to be interesting to see if the company can convince future investors to put their money into the company knowing that Hasina continues to sit on the fence.

https://en.prothomalo.com/business/local/1g16z63gjv

"Bangladesh is always ready to welcome you (global business community) here, invest in Bangladesh considering it your own country," she said while inaugurating the three-day ‘Bangladesh Business Summit 2023’.

We have waited 18 years LOL

Stokes

I hope the Bangla press keep up the pressure on Hasina, Nasrul Hamid and Chowhury (Mr Import) for answers.

https://www.thedailystar.net/news/bangladesh/news/heads-adani-wins-tails-bangladesh-loses-3258106

"This appears to be the most expensive, lopsided contract to replenish the pockets of the ex-richest man in Asia, at the expense of the people in Bangladesh," Tim Buckley, a Sydney-based energy expert with 30 years of expertise in the field, told The Daily Star over the phone recently.

No comment from Nasrul Hamid LOL

I wish they would put hasina in a hole.

Hasina clearly in the pockets of the Indians Searcher.

Redeyemines

I really wonder how much longer this can carry on before to Chinese get fed up and walk away from the project. I know it would take years for a result, but at some point GCM will have to go the legal route. It mentioned in the December financials that the company was confident of obtaining the approval for the SOD, however the share price suggests otherwise.

I agree Sharebare, she is as bent as hell. I cant see this getting over the line until she is kicked out together with Nasrul Hamid and Tawfiq Chowdhury.

I came across a picture of her over the weekend sitting with the Adani boss. Its strange that she wont meet with GCM. Both the Chinese and GCM have the patience of a saint.

I did speak to the company about three weeks ago, it may have been Keith, but he didn't give his name. I did ask if we were any further forward as regards discussions \ the proposal, but was told discussions had slowed down due to EID, and any updates would be via a RNS.

I am hoping the company can get this over the line before the next elections in December. Just very frustrating :(


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Interesting read, re Solar proposal Bara, and still we wait.
https://www.tbsnews.net/bangladesh/energy/summit-plans-50mw-floating-solar-plant-barapukuria-submerged-lands-443918

This was the original date for submission.

At the time of signing the MOU, GCM and PowerChina had anticipated submitting a formal proposal to the Government of Bangladesh by 28 February 2019. Unfortunately, this deadline was not achievable with more time required for preparation of power proposals, including tariff calculations, and identification of an appropriate potential mine development partner.

Three and half years late so far. Very frustrating.

More Bangla pain with LNG prices.

https://ieefa.org/resources/global-lng-outlooks-point-rough-waters-ahead-bangladesh

"Since October 2021, Bangladesh has been forced to purchase LNG at between US$30-37 per million British thermal unit (MMBtu). At these prices, a single shipment can cost US$110-135 million. This is five times the cost in May 2021 and 10 times the cost in May 2020".

Some very good posts Pappi, I also agree, re the "discussions" comment. I can only assume the proposal has been presented.

Chowdhury has always favoured imported energy, however, it showns how the comments on one news site can have contradicting comments on another.

Thanks Phulbari for the update, I haven't been to the AGM for some years now, the last time we had a chat, the protestors had glued themselves to the barriers in London. I think the "Green mine" is the only way this will get over the line, but who knows. The thought of another year of the same old is very depressing. Its almost three year since the Proposal was going to be put forward to the government and still we wait. It must be a complete nightmare trying to deal with Hasina's government, and I know that Gary is trying his very best on the ground.

Well, the Japanese are still funding Coal fired power stations, despite Peppa pigs green agenda, and Flop26. Even the Spanish have reopened a Coal plant.

http://www.china.org.cn/world/Off_the_Wire/2021-11/23/content_77888739.htm
https://bdnews24.com/economy/2021/11/24/pinched-by-energy-crisis-spanish-coal-plant-slated-for-closure-fires-up

Yes that would be ironic Redeyemimes

I guess if the worst comes to the worst, and the mine does not get the go ahead, Bangladesh could always tap into the £100 billion climate fund that is on offer to pay compensation to GCM who have a valid licence to mine Pulbari.