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[behuge] 03/9/2019 11:46

GCM HUGE news on the way

[behuge] 03/9/2019 11:24

Power plants want tax, VAT exemption on coal import
Shamim Jahangir

3 September, 2019 12:00 AM printer


The country’s coal-fired power plants demanded exemption of tax and VAT on import of coals to feed the 18 large power plants with a view to reducing the overall generation cost.

The coal-based power plants will require around 56 million tons of coal annually to produce 18392MW of electricity, official said.

The LNG as well as the fuel import for producing electricity will enjoy the same facilities, said the officials.
“Our electricity generation cost may come down partially if the government allow tax, VAT exemption for import of coal for power generation,” Coal Power Generation Company Ltd of Bangladesh Managing Director Golam Kibria told the daily sun.

He said the company has placed a proposal before the National Board of Revenue (NBR) recently in this regard. He said the company will waive around five percent duty subject to approval from the government.

Bangladesh-China Power Company Limited (BCPCL) signed a deal with Indonesian firm June last to import four million tonnes of coal per year for 1320 MW coal-fired Payra Power Plant in Patuakhali.The BCPCL signed the agreement with PT Bayan Resources Tbk, Indonesia to feed the Payra 1320 MW Thermal Power Plant.

The plant will be operated by imported sub-bituminous coal. Its calorific value is about 4700-5500 Kcal. This type of coal is largely abundant in Indonesia and Australia. At the initial stage coal will be imported from Indonesia.

The country’s first public sector large coal-fired power plant in Pyara is expected to start producing electricity in December next.

“We are willing to import 4 million tons of coal annually for 10 consecutive years to feed the coal fired power plants,” said Bangladesh-China Power Company Limited (BCPCL) Managing Director Engr. AM Khurshedul Alam while talking to the Daily Sun.
The government has set a target to generate 18,392MW electricity from coal-fired power plants. Of the electricity, some 5040MW will come from public power plants.

[jayviper] 03/9/2019 11:18

News due?


Decent news overdue!

[behuge] 03/9/2019 10:39

GCM gonna BEHUGE. Cheaper than a chips pack. Buy hold and relax

[behuge] 31/8/2019 16:41

GCM cheap as chips.

[jamesss1] 31/8/2019 11:46

APfin ha ha ha ha ha ha i couldn't have put it any better myself

[behuge] 30/8/2019 19:08

Coal is finished.... NOT YET. Bangladesh needs phulbari

GCM is cheap as chips buy when you can, hold relax

Another coal project to be approved...
Glencore’s massive NSW coal project gets conditional approval
Amanda Stutt | August 29, 2019 | 2:22 pm Intelligence Top Companies Australia Coal

New South Wales, Australia. Image by Peabody.
The New South Wales government’s Independent Planning Commission (IPC) has approved, with conditions, Glencore’s A$381 million United Wambo coal project in the Australian state’s Hunter Valley.

The United and Wambo coal mining operations were established in 1989 and the late 1960’s, respectively. There have been a range of underground and open cut coal mining operations at both since.

In 2014, Peabody agreed to establish an unincorporated joint venture project with Glencore to combine the existing operations of the Wambo open-cut mine with the adjacent coal reserves of Glencore’s United mine.

In 2018, 3.6 million tonnes of coal were sold from the Wambo open cut mine, resulting in A$950 million in direct and indirect economic benefits.

But Glencore bowed to investor pressure when it pledged to limit coal production and align the business with Paris climate targets.

The main customers for Wambo coal are in Japan, Korea and China.

Now United Wambo plans to develop an open-cut mine producing up to 10 million tonnes per year.

JOINING THE UNITED AND WAMBO MINES CREATES A ‘SUPER PIT’, WITH THE ABILITY TO INJECT A$414 MILLION INTO THE NEW SOUTH WALES ECONOMY
Glencore’s United Collieries sought to integrate and expand open cut mining operations at the existing United Wambo to facilitate the extraction of an additional 150-million tonnes of run-of-mine (ROM) coal over a 23- year period.

The United mine, under care and maintenance and Wambo mine are located about 16 kilometres west of Singleton, and ABC reported that joining the two creates a ‘super pit,’ with the ability to inject A$414 million into the New South Wales economy.

After concluding the United Wambo project is “in the public interest,” in an unprecedented move, one of the IPC’s conditions is that any coal extracted from the new ‘super pit’ can only be exported to countries that have ratified the Paris climate agreement or have policies for reducing greenhouse gas emissions, ABC reported.

[behuge] 30/8/2019 16:15

GCM cheap as chips. Buy hold and relax

[apfindley] 30/8/2019 16:14

Same as the 50 pieces of other mega news that you've known about since early December when you started pumping it again.The FACT remains, only the government of bangla can issue a permit to extract coal. And for 12 years they have REFUSED to issue a permit..So you're 12 years older than when you invested, and your investment is worth less. And there has been no progress on the permit. Well done.

[behuge] 30/8/2019 16:03

Massive news on the way

[jayviper] 30/8/2019 15:50

Staff announcement!

Clean up on aisle 4 LSE Board

Wet panties everywhere!

Thank you!

[behuge] 30/8/2019 13:36

That’s right Gonna be MASSIVE

[knicol46] 30/8/2019 13:00

5 mm's, 3 turned blue since 1230, one already sitting on 22.5p, unusual positive movements, something brewing

[behuge] 30/8/2019 10:38

Massive news on the way. Coal needed. No other solution

The country's natural gas resources are on the brink of exhaustion and the government is taking up coal as a replacement for natural gas.
7 HOURS AGO
Understanding the connection between environment and energy barely needs an expert. Even a layman can well figure out that the two are sides of the same coin.

If we delve into studying the relationship between energy and environment in the context of Bangladesh, there are two takeaways.

First, since the lion’s share of Bangladesh’s energy resources still comes from natural gas, the South Asian nation of 170 million citizens is more environmentally conscious than most.

Secondly, the country’s natural gas resources are on the brink of exhaustion within the next few years and the Bangladesh government, like a lot of other governments across the world, is taking up coal as a replacement for natural gas.

It means, Bangladesh is going to be on the bad side of the environment soon.

Unfortunately, Bangladesh doesn’t have very many options. As a developing country thriving to achieve middle income status, Bangladesh is going to need around 34,000 MW (megawatt) of electricity by 2030.

The current total installed capacity (including captive power) of the country is 21,419 MW. So, it still has a long way to go before it reaches that mark and experts concerned with the sector say that coal is the most viable vehicle to reach that capacity.

Some experts have vehemently advocated for renewable energy, especially, solar power. As a country located in the northern hemisphere with the sea towards its south, Bangladesh has no dearth of abundant sunlight. But it takes a lot more to be able to harness and channel this solar energy properly.

Also read: Bangladesh is Building a Dirty and Expensive Coal Plant Next to the World’s Largest Mangrove Forest

Bangladesh lacks there and for some obvious reasons.

Bangladesh is a small country of 1.44 lakh square kilometres with an enormous population of over 170 million, making it one of the most densely populated countries in the world. Solar power, as experts have pointed out, requires large swathes of area.

For instance, to produce one MW of electricity with standard 250 watt panels, about 4000 panels are needed. If each panel requires 17.6 square feet, then to produce one MW of electricity, 5 acres of land is usually needed.

That means for a 100MW power plant, 500 acres of land is needed just to place the solar panel (more lands will be required to establish the transmitting and plant facilities). In a populous country like Bangladesh, large barren areas are difficult to procure except in some char areas.

However, these areas would not suffice for the construction of such plants since very few entities would be interested in investing large money on a changing landscape.


Ironically, people residing in remote locations of Bangladesh pay one of the highest rates for electricity. Photo: bri vos/Wikimedia Commons.
There are other problems for solar powered plants in Bangladesh as well. Climate change has made changing weather conditions in Bangladesh even more unpredictable and the unexpectedly prolonged summer rains of this year in the country are an example of that.

So far, the picture doesn’t look bright but there are silver linings. For example, a two bigha (four bigha is one acre) plot in a remote island named ‘Paratoli̵7; in the Narshingdi districts shines enough to stave off the cloud of doubt on solar power.

The island hosts a 141 KW solar grid plant of the country and now provides connections to 613 families to provide electricity to nearly 5,000 people with the establishment of a nine kilometre long transmission line. It has the capacity to supply uninterrupted electricity to 724 households and 124 small scale commercial establishments. The cost of the total project is only Tk 6 crore.

The solar powered grid in Narshingdi is not the only one. In fact, there are 11 of such solar mini-grid plants across the country now. Earlier, the nation’s first commercial solar mini-grid was established in the coastal island of Sandwip in Bangladesh five years ago with financing from Infrastructure Development Company Limited (IDCOL-also one of the financer of Paratoli plant).

That pioneering experience has become a learning platform for other investors, financing and developing agencies, in addition to policymakers for promoting solar mini-grid systems.

After the Sandwip experience, it was realised that a similar application of solar mini-grids for the vast number of rural markets in off-grid locations can offer a significant improvement in socio-economic conditions of such an underserved population.

Ironically, people residing in remote locations of Bangladesh pay one of the highest rates for electricity from diesel-powered micro-grids. Surveys showed that, depending upon the type of appliance being used, daily rates being converted to tariff ranged from Tk 46-76 per unit.

Also read: India’s Growing Solar Power Programme Could Leave Behind a Trail of Waste

So based upon tariff prior to solar electrification, financial analysis and project financing criteria of IDCOL, a tariff of Tk 30-32 per unit was set so that rural people could afford it.

The government has a plan to establish 50 such plants by the end of 2019 and, if that is undertaken, it will ease pressure off the national grid. Aside from these solar-powered plants, the Solar Home Systems (SHSs) that power rural households is another success story.

There is no doubt that the current government is a strong advocate of solar power, and the industry, as a result, has been a big beneficiary of its support. Directly, the government allows companies to import solar panels free of duties, provides loans and grants to private organisations through IDCOL and even offers refinancing options.

Furthermore, companies that manufacture solar modules or those that use solar modules to contribute solar power to the national grid are privy to tax benefits and feed-in tariffs.

Indirectly, the government lends its weight to POs to help them navigate the socio-political nuances of rural municipalities; it also ensures that the IDCOL is not tangled in red tape – a fact that has contributed considerably to the programme’s success.

All these successes prove that-solar power is, in fact, a very viable energy option for Bangladesh. Of course, it cannot act as a base load power source, but can can immensely contribute to the energy demands of the country.

Faisal Mahmud is a journalist based in Dhaka.

[behuge] 30/8/2019 10:20

Massive news on the way. Coal needed. No other solution

The country's natural gas resources are on the brink of exhaustion and the government is taking up coal as a replacement for natural gas.
7 HOURS AGO
Understanding the connection between environment and energy barely needs an expert. Even a layman can well figure out that the two are sides of the same coin.

If we delve into studying the relationship between energy and environment in the context of Bangladesh, there are two takeaways.

First, since the lion’s share of Bangladesh’s energy resources still comes from natural gas, the South Asian nation of 170 million citizens is more environmentally conscious than most.

Secondly, the country’s natural gas resources are on the brink of exhaustion within the next few years and the Bangladesh government, like a lot of other governments across the world, is taking up coal as a replacement for natural gas.

It means, Bangladesh is going to be on the bad side of the environment soon.

Unfortunately, Bangladesh doesn’t have very many options. As a developing country thriving to achieve middle income status, Bangladesh is going to need around 34,000 MW (megawatt) of electricity by 2030.

The current total installed capacity (including captive power) of the country is 21,419 MW. So, it still has a long way to go before it reaches that mark and experts concerned with the sector say that coal is the most viable vehicle to reach that capacity.

Some experts have vehemently advocated for renewable energy, especially, solar power. As a country located in the northern hemisphere with the sea towards its south, Bangladesh has no dearth of abundant sunlight. But it takes a lot more to be able to harness and channel this solar energy properly.

Also read: Bangladesh is Building a Dirty and Expensive Coal Plant Next to the World’s Largest Mangrove Forest

Bangladesh lacks there and for some obvious reasons.

Bangladesh is a small country of 1.44 lakh square kilometres with an enormous population of over 170 million, making it one of the most densely populated countries in the world. Solar power, as experts have pointed out, requires large swathes of area.

For instance, to produce one MW of electricity with standard 250 watt panels, about 4000 panels are needed. If each panel requires 17.6 square feet, then to produce one MW of electricity, 5 acres of land is usually needed.

That means for a 100MW power plant, 500 acres of land is needed just to place the solar panel (more lands will be required to establish the transmitting and plant facilities). In a populous country like Bangladesh, large barren areas are difficult to procure except in some char areas.

However, these areas would not suffice for the construction of such plants since very few entities would be interested in investing large money on a changing landscape.


Ironically, people residing in remote locations of Bangladesh pay one of the highest rates for electricity. Photo: bri vos/Wikimedia Commons.
There are other problems for solar powered plants in Bangladesh as well. Climate change has made changing weather conditions in Bangladesh even more unpredictable and the unexpectedly prolonged summer rains of this year in the country are an example of that.

So far, the picture doesn’t look bright but there are silver linings. For example, a two bigha (four bigha is one acre) plot in a remote island named ‘Paratoli̵7; in the Narshingdi districts shines enough to stave off the cloud of doubt on solar power.

The island hosts a 141 KW solar grid plant of the country and now provides connections to 613 families to provide electricity to nearly 5,000 people with the establishment of a nine kilometre long transmission line. It has the capacity to supply uninterrupted electricity to 724 households and 124 small scale commercial establishments. The cost of the total project is only Tk 6 crore.

The solar powered grid in Narshingdi is not the only one. In fact, there are 11 of such solar mini-grid plants across the country now. Earlier, the nation’s first commercial solar mini-grid was established in the coastal island of Sandwip in Bangladesh five years ago with financing from Infrastructure Development Company Limited (IDCOL-also one of the financer of Paratoli plant).

That pioneering experience has become a learning platform for other investors, financing and developing agencies, in addition to policymakers for promoting solar mini-grid systems.

After the Sandwip experience, it was realised that a similar application of solar mini-grids for the vast number of rural markets in off-grid locations can offer a significant improvement in socio-economic conditions of such an underserved population.

Ironically, people residing in remote locations of Bangladesh pay one of the highest rates for electricity from diesel-powered micro-grids. Surveys showed that, depending upon the type of appliance being used, daily rates being converted to tariff ranged from Tk 46-76 per unit.

Also read: India’s Growing Solar Power Programme Could Leave Behind a Trail of Waste

So based upon tariff prior to solar electrification, financial analysis and project financing criteria of IDCOL, a tariff of Tk 30-32 per unit was set so that rural people could afford it.

The government has a plan to establish 50 such plants by the end of 2019 and, if that is undertaken, it will ease pressure off the national grid. Aside from these solar-powered plants, the Solar Home Systems (SHSs) that power rural households is another success story.

There is no doubt that the current government is a strong advocate of solar power, and the industry, as a result, has been a big beneficiary of its support. Directly, the government allows companies to import solar panels free of duties, provides loans and grants to private organisations through IDCOL and even offers refinancing options.

Furthermore, companies that manufacture solar modules or those that use solar modules to contribute solar power to the national grid are privy to tax benefits and feed-in tariffs.

Indirectly, the government lends its weight to POs to help them navigate the socio-political nuances of rural municipalities; it also ensures that the IDCOL is not tangled in red tape – a fact that has contributed considerably to the programme’s success.

All these successes prove that-solar power is, in fact, a very viable energy option for Bangladesh. Of course, it cannot act as a base load power source, but can can immensely contribute to the energy demands of the country.

Faisal Mahmud is a journalist based in Dhaka.

[slickmick] 30/8/2019 10:18

🐐🐐🐐🐐8016;🐐