Gcm Resources Share Discussion Threads

[behuge] 03/2/2019 21:23

Permission on its way. Chinese are not joking when it comes to make money and secure energy...

[failedqs] 03/2/2019 21:23

Timw3 - of all the new pumpers, I think you are probably the most irrational.Congratulations.

[failedqs] 03/2/2019 21:19

Still worth absolutely zero without permission to mine.......

[timw3] 03/2/2019 21:14

Charlie Malik
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@Charliemalik9
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#GCM I know it can sound like pie in the sky stuff,404mt this works out at roughly $5.3/t. Some in-ground valuations have been at $8/t. Difference between in-ground and production value of reserves depends among other things”. Read below please value £23---- £36 PER SHARE .

[behuge] 03/2/2019 21:05

What did he say?

[behuge] 03/2/2019 19:19

The government is planning a review of the power system master plan (PSMP) to pinpoint the electricity demand and the sources of energy to streamline the sector's growth in an efficient way.

The Power Division under the Ministry of Power, Energy and Mineral Resources (MPEMR) already initiated its work on updating the PSMP of 2015, a senior Power Division official told the FE.

He said the overall projection of demand for electricity in future might be reviewed lower and the urgency of building a significant number of new coal-fired power plants might ease in the new PSMP.



The focus on building new LNG-fired power plants might be sharpened to ensure environment-friendly electricity generation.

Electricity generation from renewable energy sources might also get importance in the new PSMP, said the official.

Currently, the country's total electricity generation capacity is 17,685 megawatts (MW) from 127 power plants-gas-fired, oil-run, coal-fired and hydropower.

Under the PSMP-2015, the government has a target to generate 24,000 MW of electricity by 2024, 40,000MW by 2030 and 60,000 MW by 2041.

Around half the future power plants are supposed to run on coal under the existing PSMP.

Electricity generation costs at different power plants also vary significantly.

Sources said the electricity generation cost at gas-fired independent power producer (IPP) plants was below Tk 3.0 per unit (1 kilowatt-hour). The cost at a state-run gas-fired power plant was around Tk 3.0 per unit and at a gas-fired rental power plant around Tk 4.0 per unit.

The electricity generation cost at a government-owned furnace oil-fired power plant is Tk 13-16 per unit, at a rental or quick rental power plant Tk 9.5-13 per unit and at an IPP plant Tk 9.0-14 per unit.

The electricity generation cost at a state-owned diesel-fired power plant is Tk 15-32 per unit and at a diesel-fired rental power plant Tk 23-33 per unit.

Currently, the state-run Bangladesh Power Development Board (BPDB) is often keeping the country's overall electricity generation less than one-third of the installed capacity under a 'rationing' system owing to lower than expected demand in the outgoing winter season.

Many power plants were asked to suspend operations and some were kept under maintenance work, said a senior BPDB official, to cope with the lower electricity demand across the country.

According to the BPDB statistics, the countrywide electricity generation during the day-time off-peak hours on Wednesday (January 30, 2019) was only 3,894 megawatts (MW), just 22 per cent of the installed capacity of 17,685 MW.

Power generation during the evening peak hours on Wednesday was 6,317 MW. It was only 35.62 per cent of the total installed capacity.

Countrywide electricity generation during the evening peak hours on December 18 was 7,865 MW, just 44.47 per cent of the total installed capacity of 17,685 MW.

Power generation during the off-peak hours was 6,301 MW. It was only 35.62 per cent of the total installed capacity, according to the BPDB.

Despite many of the power plants remaining out of operation, the BPDB has been counting a capacity payment to them as they are ready to supply electricity.

The capacity payment is a sort of penalty, which the BPDB is bound to pay to the power plant owners, if the government fails to purchase a certain portion of the electricity readily available.

[mrshaungcm] 03/2/2019 19:09

The government is planning a review of the power system master plan (PSMP) to pinpoint the electricity demand and the sources of energy to streamline the sector's growth in an efficient way.

The Power Division under the Ministry of Power, Energy and Mineral Resources (MPEMR) already initiated its work on updating the PSMP of 2015, a senior Power Division official told the FE.

He said the overall projection of demand for electricity in future might be reviewed lower and the urgency of building a significant number of new coal-fired power plants might ease in the new PSMP.



The focus on building new LNG-fired power plants might be sharpened to ensure environment-friendly electricity generation.

Electricity generation from renewable energy sources might also get importance in the new PSMP, said the official.

Currently, the country's total electricity generation capacity is 17,685 megawatts (MW) from 127 power plants-gas-fired, oil-run, coal-fired and hydropower.

Under the PSMP-2015, the government has a target to generate 24,000 MW of electricity by 2024, 40,000MW by 2030 and 60,000 MW by 2041.

Around half the future power plants are supposed to run on coal under the existing PSMP.

Electricity generation costs at different power plants also vary significantly.

Sources said the electricity generation cost at gas-fired independent power producer (IPP) plants was below Tk 3.0 per unit (1 kilowatt-hour). The cost at a state-run gas-fired power plant was around Tk 3.0 per unit and at a gas-fired rental power plant around Tk 4.0 per unit.

The electricity generation cost at a government-owned furnace oil-fired power plant is Tk 13-16 per unit, at a rental or quick rental power plant Tk 9.5-13 per unit and at an IPP plant Tk 9.0-14 per unit.

The electricity generation cost at a state-owned diesel-fired power plant is Tk 15-32 per unit and at a diesel-fired rental power plant Tk 23-33 per unit.

Currently, the state-run Bangladesh Power Development Board (BPDB) is often keeping the country's overall electricity generation less than one-third of the installed capacity under a 'rationing' system owing to lower than expected demand in the outgoing winter season.

Many power plants were asked to suspend operations and some were kept under maintenance work, said a senior BPDB official, to cope with the lower electricity demand across the country.

According to the BPDB statistics, the countrywide electricity generation during the day-time off-peak hours on Wednesday (January 30, 2019) was only 3,894 megawatts (MW), just 22 per cent of the installed capacity of 17,685 MW.

Power generation during the evening peak hours on Wednesday was 6,317 MW. It was only 35.62 per cent of the total installed capacity.

Countrywide electricity generation during the evening peak hours on December 18 was 7,865 MW, just 44.47 per cent of the total installed capacity of 17,685 MW.

Power generation during the off-peak hours was 6,301 MW. It was only 35.62 per cent of the total installed capacity, according to the BPDB.

Despite many of the power plants remaining out of operation, the BPDB has been counting a capacity payment to them as they are ready to supply electricity.

The capacity payment is a sort of penalty, which the BPDB is bound to pay to the power plant owners, if the government fails to purchase a certain portion of the electricity readily available.

[mrshaungcm] 03/2/2019 19:09

The government is planning a review of the power system master plan (PSMP) to pinpoint the electricity demand and the sources of energy to streamline the sector's growth in an efficient way.

The Power Division under the Ministry of Power, Energy and Mineral Resources (MPEMR) already initiated its work on updating the PSMP of 2015, a senior Power Division official told the FE.

He said the overall projection of demand for electricity in future might be reviewed lower and the urgency of building a significant number of new coal-fired power plants might ease in the new PSMP.



The focus on building new LNG-fired power plants might be sharpened to ensure environment-friendly electricity generation.

Electricity generation from renewable energy sources might also get importance in the new PSMP, said the official.

Currently, the country's total electricity generation capacity is 17,685 megawatts (MW) from 127 power plants-gas-fired, oil-run, coal-fired and hydropower.

Under the PSMP-2015, the government has a target to generate 24,000 MW of electricity by 2024, 40,000MW by 2030 and 60,000 MW by 2041.

Around half the future power plants are supposed to run on coal under the existing PSMP.

Electricity generation costs at different power plants also vary significantly.

Sources said the electricity generation cost at gas-fired independent power producer (IPP) plants was below Tk 3.0 per unit (1 kilowatt-hour). The cost at a state-run gas-fired power plant was around Tk 3.0 per unit and at a gas-fired rental power plant around Tk 4.0 per unit.

The electricity generation cost at a government-owned furnace oil-fired power plant is Tk 13-16 per unit, at a rental or quick rental power plant Tk 9.5-13 per unit and at an IPP plant Tk 9.0-14 per unit.

The electricity generation cost at a state-owned diesel-fired power plant is Tk 15-32 per unit and at a diesel-fired rental power plant Tk 23-33 per unit.

Currently, the state-run Bangladesh Power Development Board (BPDB) is often keeping the country's overall electricity generation less than one-third of the installed capacity under a 'rationing' system owing to lower than expected demand in the outgoing winter season.

Many power plants were asked to suspend operations and some were kept under maintenance work, said a senior BPDB official, to cope with the lower electricity demand across the country.

According to the BPDB statistics, the countrywide electricity generation during the day-time off-peak hours on Wednesday (January 30, 2019) was only 3,894 megawatts (MW), just 22 per cent of the installed capacity of 17,685 MW.

Power generation during the evening peak hours on Wednesday was 6,317 MW. It was only 35.62 per cent of the total installed capacity.

Countrywide electricity generation during the evening peak hours on December 18 was 7,865 MW, just 44.47 per cent of the total installed capacity of 17,685 MW.

Power generation during the off-peak hours was 6,301 MW. It was only 35.62 per cent of the total installed capacity, according to the BPDB.

Despite many of the power plants remaining out of operation, the BPDB has been counting a capacity payment to them as they are ready to supply electricity.

The capacity payment is a sort of penalty, which the BPDB is bound to pay to the power plant owners, if the government fails to purchase a certain portion of the electricity readily available.

[timw3] 03/2/2019 16:26

Searcher
Posts: 37,740
Opinion: No Opinion
Price: 31.50
Job at Bangladesh-China Power CompaFri 19:3 6Good to see -

Job at Bangladesh-China Power Company

[timw3] 03/2/2019 16:21

redeyemines
Posts: 451
Opinion: No Opinion
Price: 31.50
RE: The Green LightSat 14:50---Having talked to various people "in the know", and tried to read between the lines of the RNS's-------i'm going to go out on a limb here, and pin things down.
-
-As per the RNS, we are due to make a presentation to the GOB, with our full proposal of Power plants and mining, on the 28Th feb, and the thing we all want to know is, when will we get an answer.
-
------------Well having done all the research i can, i think i can say, with a nigh on 90% degree of certainty, that if we do make that presentation on the 28th Feb, we will get an answer, one way or the other, by the 29th Feb.
-
-GLA

[timw3] 03/2/2019 16:15

beeshoney
Posts: 2,479
Opinion: Strong Buy
Price: 31.50
RE: Guidance valueSat 15:55exactly shujja,

i have extremely well placed business people & friends in Bangla, and they can not see any Resistance or reason this will not happen now with the promise of 6000m/w of power and a deal linked with Goverment [petrobangla] & Power China,
other than Hasina her self,,but ,,,,,,,,,,,
its being presented & packaged, in way [ with there country the massive winner]
holistically, ample compensation for those affected, ample share for gov,, 100000s of new jobs,, completely over seen with the best in the fields,,,
also this with Barapuku is closer to 1 billion tons, Barapuku is now a dreadful mistake with heavy subsidence and producing little coal ,,so there is nothing to lose and its part of the same seam has Phulbari,
The market really has no yet caught on,,,,IMHO

[timw3] 03/2/2019 16:02

Pappiklon
Posts: 28
Opinion: No Opinion
Price: 31.50
In Retrospect...Today 12:06Sometimes when something happens you look back and think of course it was obvious all along. The tendency of late has been to think finally the Bangladesh Government has come to its senses and is going to approve the Scheme of Development (SOD) and allow us to get on and mine the coal. Looking back over previous articles it would appear that from way back in 2016 the PM, Hassina, had begun in a television broadcast espousing the benefits of open pit mining, it has been consistently followed by announcements from government ministers and departments about how much electricity they were going to generate from coal. Prior to that tv show there had been talk about importing all coal which of course was going to be a very difficult, expensive and seemingly impossible task for many reasons not the least of which was they had no infrastructure to do so. As time has gone on we have heard less and less about coal imports and more and more about use of own coal.
In addition we have been reading again about Open Pit Mining at Barakpuria, it fact from memory I’m pretty sure the government commissioned water and feasibility studies a couple of years back and have since said they were approving it, Bara is owned by the government but run by a Chinese Company. This mine was underground mined when it never should have been, the seams were too near the surface which over the years has resulted in subsidence to the point where many of the locals had to be relocated and compensated. The problems with Bara have been documented going back to at least 2011. There was talk about running a trial open pit at Bara years ago, but you don’t run OP trials, it’s too expensive, you either do it or you don’t. The other thing about Open Pit at Bara is on it’s own it’s not a viable economic proposition. Way back when there was talk about GCM taking over the licence at Bara because combining Bara and Phulbari created the most optimal logistic and financial project.
I suspect when we hear from the government on the approval for GCM’s Scheme of Development allowing the company to mine it will very likely announce at the same time, or shortly thereafter that the 2 mines will be operating as one open pit project.

Of course any opinions are IMHO and do your own research

[timw3] 03/2/2019 15:48

Yes log lorry is the same paid deramprer that was bashing VRS from 18p to £1.80...lol

[behuge] 03/2/2019 10:24

This moron is bashing a lot of stock on twitter. Maybe he think he’s an Anal....list. 🤡🤡

[dafad] 03/2/2019 09:37

Log-may i ask if you are Tim Kempster who was bashing Vrs?

[loglorry1] 03/2/2019 08:12

The problem with your argument is that it's already failed to get government backing. It failed in a spectacular way where people were shot protesting. The scale is so large up to 200,000 affected it's not comparable to other projects.

The chances of this project getting anywhere are vanishingly small. It's not happened for over a decade and that won't change. The current spike is just for polo to convert their 11p CB into.

[mhu_85] 02/2/2019 20:46

There’s another coal-powered plant project going on in BD called ‘Rampal’ which is destroying world’s largest mangrove forest ‘Shundornon217;. If you do a little research then you’ll know whether it’s possible to U-Turn or not.