Gcm Resources Share Discussion Threads

[baxtea1] 13/5/2019 07:06

Lots of GCM & Phulbari plans in there then, not

[mrshaungcm] 12/5/2019 19:16

The government is setting up three power hubs to boost the country's power generation capacity over the next two decades.

The hubs will be constructed at three locations as part of the Power System Master Plan 2016.

Official sources said they will be located in Cox's Bazar's Maheshkhali and Matarbari in south-east, and Patuakhali's Payra in the south-west.



These hubs will house 21 mega power plants with a total generation capacity of 28,600MW.

Port facilities were considered when choosing the locations as the power plants on the card will use imported coal and liquefied natural gas (LNG).

Of the proposed hubs, Maheshkhali will have eight mega power projects with a generation capacity of about 12,200MW while Matarbari will house seven plants with 6,200MW capacity.

The Payra hub will have six power plants with a generation capacity of 10,200MW.

Power Division officials said the government has already signed a number of deals to set up power plants in these hubs between 2025 and 2038.

They said most of the power plant projects will be implemented either in public sector or in joint venture with reputed foreign companies.

"The government is building the power hubs to fulfill its electoral pledge to bring everyone under electricity coverage," said Power Cell Director General Mohammad Hossain.

Currently, Bangladesh has a generation capacity of about 21,000MW and the country regularly generates between 9,000-11,000MW.

At present, the government claims that there is no gap between demand and supply. It blames reports of power outage on inadequate transmission and distribution capacity.

The Power System Master Plan reveals that about 44,275MW electricity generation capacity will be added to the existing system by 2030. Of this, 37,271MW will come from public sector while 4,008MW from the private sector and some 3,000MW will be imported.

Power plants in Maheshkhali hub, for which the government signed initial contracts, include Maheshkhali 1,200-1,320MW (JV of BPDB & CHDHK, China), Maheshkhali 1,200-1,320MW (JV of BPDB and TNB-PTB, Malaysia), Maheshkhali 1,200-1,320MW (JV of BPDB and SEPCO, China), Maheshkhali 1,200-1,320MW (JV of BPDB and KEPCO, South Korea) and 3,600MW (1200X3) LNG-based power plant (GE and BPDB).

The power plants in Matarbari hub, for which contracts were signed, are 1,200MW coal-based plant, 1,200MW Matarbari (JV of CPGCBL and Sumitomo, Japan), Matarbari 700MW coal-fired (JV of Symcorp and CPGCBL) and Matarbari 500-600MW LNG-based power plant (CPGCBL-Mitsui).

In Payra, the Patuakhali Hub, contracts were signed for power plants including 1,320MW coal-fired plant (JV of NWPGCL-CMC, China), 1,320MW phase-1 (JV of RPCL and Norinco, China), 1,320MW phase -2 (JV of RPCL and Norinco, China) and 3,600MW (1200X3) LNG-based power plant (JDA of NWPGCL and Siemens), reports UNB.

[behuge] 12/5/2019 16:48

Big players don't care about daily insignificant day trading volume. Gonna BEHUGE and they know it

[mickb1234] 11/5/2019 15:36

We dont really know any shares have changed hands do we? There's been no rns to say theres a big seller or big buyer. Could have just been a 200k block sold and rebought over and over. Maybe to keep the price low for a cheap takeover?

[888icb] 11/5/2019 10:16

I agree with the comment above that it would appear most investors have now taken their positions and are waiting for Company changing news. We have seen many millions of shares change hands over the last 2 months in a very tight price range but this week has been much quieter with some really low volume days.
It is important for GCM to maintain the momentum that has been established by meeting its milestones. We are seeing some slippage now on the submission to Government. I appreciate this is due to getting a major international mining company on board which will strengthen our case but we need to move quickly to secure Government approval and become part of China’s Belt and Road Initiative.

[behuge] 10/5/2019 13:52

ALL big players already positioned. Daily Trading volume is insignificant. rerate on the way sooner than later

[msufi77] 10/5/2019 13:32

urgent attention guys itx n bem on move huge potentials traders paying premiums nt trade to buy mms paying above mid price

[mickb1234] 10/5/2019 12:39

200k buy clearing up all the week's sells. Lots going on under the radar.

[knicol46] 10/5/2019 12:31

£52k buy trade in

[mickb1234] 10/5/2019 11:10

Bangladesh's coal use will be a small % of that used by the likes of Germany, USA and China. As shown with the Sundarban's, environmental concerns are behind economic and fuel poverty ambitions. There are far bigger polluters than fossil fuel. Air travel, fashion and beef for starters. And the odd nuclear plant disaster. No, this decision is all about the finances, and I'm guessing about how those at the top can line their pockets the most. Whether that's by digging or by importing. Who knows what way it will go, but a falling 25p suggests it's not looking too promising. Although a lot of shares have been bought lately which suggests it is looking very promising.

[baxtea1] 10/5/2019 10:48

My greed certainly wants this project to go ahead but in a way i do hope it dosent.


Have a good weekend. I’m off to hug some trees

[baxtea1] 10/5/2019 10:46

I know my points don’t sit well with the blinkered everything is positive approach but it is wise to keep an open mind on the way the world is changing!




Britain passes one week without coal power for first time since 1882
Landmark follows government pledge to phase out coal-fired electricity by 2025

[baxtea1] 10/5/2019 10:42

What about the environmental damage a huge open pit mines footprint will cause to fertile land in Bangladesh?

[behuge] 10/5/2019 09:55

This will BEHUGE

[888icb] 10/5/2019 09:16

If you have coal fired plants that’s the environmental issue in global terms and where it comes from is a secondary issue. If you are using coal it might as well be your own.
As coal goes I understand Phulbari Coal is of a high quality and would be classed as much cleaner than most of the other coal available in that part of the world.
Another quiet day so far with just 33000 volume so plenty of time to contemplate economic reality v environmental brownie points!

[behuge] 10/5/2019 08:23

Coal is the future of bangladesh. Gonna be massive

[888icb] 10/5/2019 08:13

There are lots of great big holes being dug in many countries around the world and there are a lot of coal fired power stations that will need coal for many years. Economic reality will almost certainly prevail over environmental concerns for some considerable time.

[baxtea1] 10/5/2019 07:42

Agree Mick, they need get a wiggle on before the developed world takes control & funds countries like Bangladesh with renewable energy resources.

[baxtea1] 10/5/2019 07:39

solstace
Posts: 8,398
Opinion: Strong Buy
Price: 25.50
40,000mwThu 21:34Of coal fired power generation. Mmm that's gotta include phulbari no other way to hit that target without GCM's 6000mw.......


Is this Solstace fella the new Bangladesh energy advisor?

[mickb1234] 09/5/2019 21:05

hxxps://www.klfm967.co.uk/news/world-news/2868966/climate-change-will-cost-worlds-biggest-companies-almost-1trn-says-un-report/

Fossil fuels in their sights. They best hurry up and get the deal done before the heat gets turned up

[behuge] 09/5/2019 16:03

NEWS imminent