Gcm Resources Share Discussion Threads

[mrshaungcm] 24/9/2018 19:30

Government officials at a workshop in the city urged the Chinese investors to invest in the country’s power sector.



“The country needs on an average $9 billion in power sector each year up to 2041” said Rahmat Ullah Mohd Dastagir, additional secretary of the Power Division, while making his presentation at the workshop on Bangladesh -China power cooperation at a city hotel.


The Chinese Embassy in Dhaka organised the workshop titled: “Bangladesh Power Development and Cooperation between Bangladesh and China” with Chinese Economic and Commercial Counsellor in Dhaka Li Guangjun in the chair.



Officials of different Chinese companies willing to invest in Bangladesh and officials of Power Division and its subordinate entities in power sector attended the workshop to share experiences and learn about the investment procedures in Bangladesh.



Joint secretary of the Power Division Mohammad Alauddin also spoke on the occasion.


Dastagir said there is a total $216 billion investment potential in power sector up to 2041 as per the government plan.



Of the total amount, $150 billion investment is required for power generation, $31 billion for transmission and $35 billion for distribution, he added.



He also said that Bangladesh is keenly interested to import hydro electricity from China as it plans to import electricity from neighbouring countries like India, Nepal and Bhutan.



He mentioned that a Chinese company has already offered to export power from Kunming of China through Myanmar.



“We want the company should work on the issue as Myanmar is involved in the plan”, he said adding that the proposal says some 4000 MW of electricity will be supplied from China of which Bangladesh will get 3000 MW while Myanmar will receive 1000 MW.



He said a conducive environment is prevailing in Bangladesh for foreign direct investment (FDI) in power sector as the government provides sovereign guarantee to the investors for their investment.



He also mentioned that the power sector investors get 15 years corporate tax holiday and also 10 year tax holiday for equipment import.



Mohammad Alauddin said renewable energy has been a very potential sector for Chinese investment that the country plans to generate 14,000 MW of renewable energy including solar, wind and other options.



He said the government has a commitment to the Sustainable Development Goals (DSGs) which has determined ensuring peoples’ access to clean energy.



He also mentioned that recently introduced net metering policy in solar power created a huge opportunity for Chinese investors as local industries don’t have necessarily experience in the sector.



Chinese Embassy’s Economic and Commercial Counsellor Li Guangjun said that his country has achieved the highest development in power sector in the world as the country now has surplus power generation.



“So, Bangladesh can be benefited by sharing Chinese experiences in power sector development”, he said.



He said many Chinese companies are willing to invest in Bangladesh.

[chinaman 61] 24/9/2018 19:17

Always a sucker is born everyday and hope u r not one of them suckers, goodluck to u mate

[jayviperjayviper] 24/9/2018 16:14

Chinaman your like 80s rave music

Repetitive and annoying.

[chinaman 61] 24/9/2018 12:08

I'm sure Tang has run out of options to make more fake news that can market make the stocks upwards since every one has taken a step backwards with all the fake news and new shares issued to his cronies

[jayviperjayviper] 21/9/2018 10:38

Chinaman. Baxtea. Al and so many others on these board have such blinded and passionate views on this thing with absolutely no evidences or knowledge whatsoever. Never been near Bangla or any coal mine for that matter. Sat at home or in work claiming to be in the know and in some cases making prediction of what IS going to happen. This has as much of a chance of happening now as it ever has. It also has as much of a chance of failure as it ever has. If GCM run out of money this is dead in the water for all investors..... so why have such a strong opinion one way or another without any factual information whatsoever. You just make yourself look like fools.

[jayviperjayviper] 21/9/2018 10:25

I don't understand how you think Tang is gaining anything from this low price. I think your deluded and have some kind of grudge against Tang personally.

[chinaman 61] 21/9/2018 08:42

Looks like Tang and his cronies are affected by their own fake news from the share price performance

[jayviperjayviper] 20/9/2018 17:23

Raising a glass to photos of your dad X

[legionnaire2] 20/9/2018 16:47

Gaywiper.

All your family and friends at the Blue Oyster club....

Lol.

[mickb1234] 19/9/2018 16:14

The Oracle has spoken! 🤣🤣🤣

[baxtea1] 19/9/2018 13:33

Just another feasibility study in a long list of feasibility studies Legion.

Share price reaction says it all

Nothing to see here

[jayviperjayviper] 19/9/2018 10:12

I think even Bax is starting to realise this is becoming more and more likely now.

[mickb1234] 19/9/2018 09:42

'Why on earth would they want to do this without the nod that the coal at Phulbari can be extracted....'

They wouldn't! 😀

[legionnaire2] 18/9/2018 18:49

Gcm

PowerChina are 182 on the GLOBAL Fortune 500. International, global powerhouse “state owned” subsidiary Sinohydro to undertake a ore feasibility study and DD on proposed mine mouth coal fired power plants to generate 4,000MW @ Phulbari in addition to existing 2,000MW.

Why on earth would they want to do this without the nod that the coal at Phulbari can be extracted....

[mickb1234] 18/9/2018 17:33

Ha ha Bacteria has made 11000 posts over 10 years waiting to claw his losses back. Only posts on GCM cos all his money is in thos pot. What a bellend! 🤣🤣🤣

[baxtea1] 18/9/2018 15:33

I’ll take that as a yes then.

Don’t work too hard girls xx

Enjoy the rest of your day refreshing the screen hoping to claw a little of your losses back ☹️

[mickb1234] 18/9/2018 14:05

Jay Bacteria has a bit of an obsession here, do you think he is trying to bend himself onto a spitroasting? As usual he's got it all wrong, we are not that type of boys! Ha ha