searcher3
06 May 2018
PDB forms 2nd joint venture under ‘indemnityÂ’ law PDB forms 2nd joint venture under ‘indemnity’ law[link]
searcher3
06 May 2018
[link] BPDB to sign 1,320MW power deal Sunday Bangladesh Power Development Board (BPDB) is set to sign a joint venture contract on Sunday to establish a coal-fired power plant having 1,320 megawatt (MW) generation capacity. "As part of the government's move to increase the power production, the BPDB will sign the contract at Mukti Hall of Bidyut Bhaban in the city with China Huadian Company for installing 1,320MW power plant at Moheshkhali in Cox's Bazar," BPDB Director (public relations) Saiful Hasan Chowdhury said on Saturday. He said under the agreement, a new joint venture company will be formed within 30 days, adding, "The new company will construct a 1,320MW ultra super critical coal-fired power plant at Moheshkhali in Cox's Bazar by 48 months." State Minister for Power, Energy and Mineral Resources Nasrul Hamid will be the chief guest at the contract signing ceremony, reports BSS.
jasonbythesea
04 May 2018
Any ideas Wide price ranging recently. News coming?
searcher3
28 Apr 2018
Interesting link And another case and good reason for the GoB to be using their own coal[link]
searcher3
24 Apr 2018
Re: zzzzzzzzzzzzzzzzzzzzzzzz Hardly every day that we see a 450k trade though mate , it does make you wonder if more positive news is on the way
Diggin4gold
24 Apr 2018
zzzzzzzzzzzzzzzzzzzzzzzz 1.2m trades zzzzzzznormal day.................same old same oldzzzzzzzzzzzzzzz
city watcher
21 Apr 2018
Re: Interesting statement by HSBC A good find. HSBC obviously reckon there is a need here for coal energy.HSBC, however, will continue to finance coal-fired power plants in Bangladesh, Indonesia and Vietnam in order to "appropriately balance local humanitarian needs with the need to transition to a low carbon economy," the statement reads.“The bank will consider supporting new coal-fired projects in these countries on a case-by-case basis – and only where a carbon-intensity target is met and independent analysis finds that no reasonable alternative is available to meet the country’s energy needs,” it said.
Ripley94
21 Apr 2018
Picked some up for daughter. @ 24p.... they did not fall back to my target of 23.5 p but increased she might be a better thinker then me : -)
searcher3
20 Apr 2018
Interesting statement by HSBC HSBC pulls the plug on coal Europe’s largest bank, however, will continue to finance coal-fired power plants in Bangladesh, Indonesia and Vietnam. [link]
redeyemines
20 Apr 2018
Re: Open Pit at Barakapur--NEW AGE today You cant do one without doing the other-it's all the same deposit-----start Nor West at Barakapur and just continue into Pulbari..----This is the best bit of news we have had for ten years, ----now lets see how all that Chinese pressure and money works at getting this project off the ground.----The planning, and proposed power plant are light years ahead of the Barakapur proposal---------- ----i wouldn't mind betting that any OP mining starts at Pulbari, we are virtually ready to go.--Top up those ISA's-GLA
GPback
20 Apr 2018
Re: Open Pit at Barakapur--NEW AGE today Us next ??
searcher3
20 Apr 2018
Re: Open Pit at Barakapur--NEW AGE today Obviously everyone is out sunbathing.... this is awesome news and if it goes ahead will defo mean that Phulbari gets the green light .... Great news, let’s see what is said in the rest of the press later
redeyemines
20 Apr 2018
Open Pit at Barakapur--NEW AGE today The government, after a four-year moratorium, has again initiated a move for open-pit mining at Barapukuria coal deposit’s far northern zone to begin extraction of three million tonnes of coal a year from 2024.In the wake of protests, the plan for open-pit mining at Phulbari and Barapukuria coal mines in Dinajpur was shelved as prime minister Sheikh Hasina on February 6, 2014 asked the energy ministry to wait until new technology were available which would enable large scale coal extraction leaving minimum effects on the environment.Hasina also holds the portfolio of power, energy and mineral resources ministry.State-run Barapukuria Coal Mining Company Limited managing director Habib Uddin Ahmed on Thursday told New Age that they were preparing a project proposal for a feasibility study for the proposed open-pit mining at the far northern zone of Barapukuria coal mine.The company obtained verbal approval from the state minister to advance with the plan, he said, adding that they would send the project proposal to the ministry for approval as soon as possible.The company placed a report in a meeting on April 15 with state minister for power, energy and mineral resources Nasrul Hamid in the chair, claiming that a study carried out by the state-run Institute of Water Modelling in 2014 said that the open-pit mining was possible as the area’s groundwater table was manageable.The report also said that Germany had an open-pit mine at Cologne with similar coal deposit below the aquifer.The report said that the company had also planned to increase the quantity of annual coal extraction to five million tonnes from 2027.National committee to protect oil, gas, mineral resources, power and port member secretary Anu Muhammad said that the government was unilaterally advancing with the plan which had no practical basis.Open-pit mining at Barapukuria or Phulbari was proved not feasible in several independent studies, he said, urging the government to scrap all such plan as it would destroy the underground water aquifer, biodiversity, and agriculture of the region.On August 26, 2006, at least three youths were killed as the then Bangladesh Rifles, now renamed as Border Guard Bangladesh, opened fire on a peaceful protest rally for cancellation of a move for open-pit mining by London-based company Asia Energy at Phulbari.On that day, police, Rapid Action Battalion and BDR indiscriminately beat people, injuring over 200 children, men and women who joined the rally organised by the oil-gas body.The Barapukuria coal mine company has been extracting coal from the deposit since 2005-06 using Longwall or Room and Piller methods – underground mining. The underground mining is being carried out in the middle and southern parts of the deposit.The underground mining method enables the company to extract coal at a rate of one million tonnes per year at the cost of surface subsidence in a vast arable area as well as habitats.The company’s report also showed that open-pit method would enable the company to extract 110 million tonnes of coal in 30 years from an estimated geological reserve of 135 million tonnes in the northern zone of the deposit spreading 694 acres of land.The coal seams in the northern part of the reserve are at the depths of 118-372 metres.Open-pit mining in the area would require the authorities concerned to manage a 107 metre aquifer, as the coal seams are beneath it, which flows at the rate of 45,000 cubic metres per hour in the ‘minable’ area, according to the report.The company also estimates that it would need to dewater the entire mining line, approximately 30 years, at the rate of 26,500 cubic metres per hour for open-pit mining.It would however need to dewater at the rate of 45,000 cubic metres per hour for the first two years when the mine would be developed.About 2,470 acres of land would be required for developing the open-pit mine directly affecting 7,500 people.The company estimates t
searchers-son
19 Apr 2018
Re: A lot going on UK-based Ahmed Dalmook Al Maktoum suggested installing 1000MW while Japanese Mitsui and Co Ltd 600MW at Matarbari, Indian Reliance 1500MW at Meghnaghat, China Petroleum Pipeline Engineering Company Ltd 3200MW at Moheskhali, Siemens Germany 3600MW at Patuakhali, Chinese National Import and Export Corporation 1800MW, Indonesian Pertamina’s 1400MW and Sembcrops 1500MW. Local Consortium of Midland Power, Shahjibazar Power proposed to set up 600MW plant at Banchkhali while Beximco 460MW plant, United Enterprise 500MW plant, Unique 1200MW and Golar Power Ltd 1500MW LNG-based plants. US-based GE has also proposed setting up of a fast-track 3000MW-4000MW LNG power plant along with LNG import terminal at Matarbari in Cox’s Bazar. As part of the proposal, Deepesh Nanda, chief executive officer (CEO) of GE South Asia, showed interest in signing a memorandum of understanding (MoU) to implement the power project. US Ambassador Marcia S Bernicat recently met State Minister for Power and Energy Nasrul Hamid to discuss the progress in power and energy projects with US investments as well as the proposal forwarded by GE. “GE is interested in investing in LNG, gas turbine, heat recovery steam generator to generate electricity at Matarbari, Patuakhali, Chittagong and Ashuganj in Bangladesh,” the US envoy said. Nasrul Hamid informed the US envoy that Bangladesh fetches $3.5 billion in power sector investments a year, but the investment from US companies is insignificant in this sector.
searchers-son
19 Apr 2018
A lot going on [link]
