Not good for importing coal not quite sure how they are going to get on when they start importing the sort of quantities that theyre talking about .... [link]
Record $5b Chinese investment coming up Record $5b Chinese investment coming upThe Bangladesh Economic Zones Authority will sign a deal with a Chinese company in a month enabling it to invest $5 billion in the country.If materialises, it will be the single largest foreign investment by a company in Bangladesh's history.The investor, Zhejiang Jindun Pressure Vessel Co Ltd, will not only generate electricity by setting up a coal-fired power plant but also utilise the plant's ashes to make bricks by establishing a specialised factory.£As we are satisfied with the details of the investment plan we are going to provide them 500 acres of land,£ Paban Chowdhury, chairman of the Beza, told The Daily Star yesterday.On signing the deal on the allocation of land at the Mirsarai Economic Zone in Chittagong, Zhejiang will pay Tk 315 crore to the Beza as the land rent for 50 years, he said. Bangladesh received a record $2.45 billion in FDI in 2016-17.Zhejiang representatives visited the under-construction zone in October 2015 before applying to the Beza seeking 1,000 acres of land, paying Tk 6 crore in advance, said Beza officials.The Chinese company had wanted to set up a 2,640-megawatt plant but the Power Division gave it permission initially to build a 1,320MW plant comprising two units with 660MW each.Zhejiang has pledged to construct the plant within three years after striking the deal, according to Chowdhury.Considering the power shortage in Bangladesh, the Beza has given priority to the Chinese company's plans, he said.[link]
Rampal [link]
Re: RNS £3,000,000 worth of shares, not bad for a days work )
RNS [link]
GoB pushing ahead with coal Despite opposition Thermal power plants, seaport put ecology at risk in Patuakhali: BAPA [link]
Interesting article About the coal situation in India Coal shortage at power plants may push up spot prices in summer [link]
Re: Funding The company have given no dates, except to say they will be seeking further funding sometime in the next six months.
Funding Any idea how long we could expect to wait to hear about future funding?
Re: RNS polo Topped up in ISA .. 24.975 p
Hasina [link]
Re: Payra coal plant The first unit of Payra Ultra Super-Critical Coal-fired Power Plant having a 660MW generation capacity is expected to go into operation by June 2019."The plant will be an eco-friendly one with clean coal technology and will help achieve excellence in the country's power and energy sector," Director General of Power Cell Engineer Mohammad Hossain said on Monday.He said the second unit of the plant having another 660MW generation capacity would go into operation by 2020 and the total generation capacity of the plant would be 1320MW. According to an official of the power cell, Bangladesh-China Power Company Ltd (BCPCL), a joint venture of Chinese Power Company CMC and Bangladesh's North-West Power Generation Company Ltd (NWPGCL), is implementing the project at a cost of about $2 billion.He said the government took all measures to protect environment as well as the habitat and biodiversity of that region. The coal would be transported to the power plant site from the deep sea in covered barges, he added.Earlier, State Minister for Power Nasrul Hamid expressed his satisfaction over the progress so far made in construction of the power plant. "I am extremely happy to see the project making rapid progress," he said.Currently, the government is working on three major power generation hubs at Payra in Patukhali, and Maheshkhali and Matarbari in Cox's Bazar, where several coal and LNG-based power plants will be installed. Steps have already been taken to prevent possible damage to the environment at Payra, Nasrul said, adding that the government has undertaken a number of coal-fired power plants across the country to generate 24,000MW electricity by 2021, 40,000MW by 2030 and 60,000MW by 2041.On March 19, 2014, the NWPGCL and CMC signed a memorandum of understanding to set up the plant, while the engineering, procurement and construction (EPC) contract for implementation of the project was signed on March 29, 2016, reports BSS.
Payra coal plant [link]
Rampal [link]
Japan pledges $1.83b more for dev projects Japan pledges $1.83b more for dev projects [link]