Bangladesh, Japan sign Tk 15,326cr loan deals for 6 projects Bangladesh, Japan sign Tk 15,326cr loan deals for 6 projects New Age | The Outspoken Daily Bangladesh, Japan sign Tk 15,326cr loan deals for 6 projects The government of Japan will provide 200,371 million Japanese yen (approximately Tk 15,326 crore or $1,831 million) for Bangladesh under its 39th Official Development Assistance (ODA) loan package for implementing six mega projects....
6 fold coal expansion [link] a turn-around seems impossible in Bangladesh, where even a dramatic reversal like India's is not even on the cards, and even if it was, too many vested interests hack implementation away. the time India has shed coal from its energy-producing sources (let us just say 2030), Bangladesh's energy needs will almost triple from where it is now, growing at 21 per cent annually from about 14,000MW. Built upon a 50:50 share, Bangladesh Power Development Board and India's National Thermal Power Corporation embarked upon constructing the 1,320MW Rampal coal-based plant requiring 3.0 million tons of coal annually, while the 1,250MW coal-fired plant in Matarbari, off Cox's Bazaar on the northern tip of Moheskhali island, signed between Coal Power Generation Company (CPGCBL) and a Japanese consortium of Sumitomo Corporation, Toshiba Corporation and IHI Corporation, requires 32 million tons of coal annually by 2030 (JICA, Matarbari Final Report, 2016, 17, but see 10-18). While domestic coal production will expand six-fold by 2030 (from about 1.0 million tons), so too imported coal, mostly from India, by over 25 times (from just under 1.0 million tons today).
Rampal still going ahead [link] twenty first century capitalism can yield profit from any crisis. Not just it exploit crisis for profiteering interest, it even produce crisis to come up with a business solution. It wages war and then sells arms in the name of defense support, it pollutes the environment first and then offers costly technology and medicine as environmental mitigation. It is this system that manufactures consent for development at the cost of environment through the controlled media and already sold out but disguised intelligentsia. Such practice is deepening the crisis all over the world and the case of Bangladesh is no different.The mainstream development model measures everything in monetary term, such tendencies, techniques and strategies have fundamental flaws. Still the policy makers and industrial polluters approve this model to entertain short-term commercial interest, opportunist experts comfortably nods to this model to maintain the status quo. Thus, the system persists allowing the government of Bangladesh to proceed with the Rampal coal based power plant of 1,320 MW capacity near the worlds largest mangrove forest Sundarbans. No argument, research findings and protest are able to convince the policymakers to change their decision till date. A coal based power plant is easy to rationalise with per capita electricity consumption growth or with its contribution to countrys GDP, what this economic development model fails or refuses to recognise is the importance of the Sundarbans, let alone determining the monetary value of the ecological support it provides to multitude of local people, as well as the nation at large. The same development model is implemented in the Chittagong Hill Tracks. Dispossessing indigenous people from their ancestral land and depriving them of their right to the forest, the Bengali chauvinist, profit mongering policy makers are promoting a tourism industry an industry with no long term ecological foresight. The advancement of this tourism industry with patronage of a vested quarter make the dream of money a reality, but there is no record about how many dreams have already been shattered, how many families have been moved to shanty township, or how many indigenous practice have been lost forever with the rapidly disappearing forests. Destruction of an entire system in the name of development is nothing new in Bangladesh; rather Bangladesh is still following the development model introduced by the military dictator Ayub Khan during inter-colonial Pakistan period. The military dictator Ayub Khan built the Kaptai dam to run 230 MW capacity of hydropower by inundating 54,000 acres of land which was about 40 per cent of total agricultural land in Chittagong. That power plant is now struggling to generate even half of its estimated capacity and last year it contributed only 1.7 per cent of countrys total electricity generation (BPDB Annual Report 2016-17). During Ayub regime, people protested against this hydro project that displaced people in the name of development, but everything went in vein just like the present days when people of Khulna, Banshkhali and Maheshkhali are protesting against coal based power plant. The successive government paid no heed to them. For a single Kaptai power project the ecological cycle of the region was destroyed, 1 lakh of people had become homeless of which 40,000 were compelled to migrate in India and eventually become stateless (Samari Chakma, 2018). The staunch, greedy and blind follower of this economic model failed to learn from the history as they are making the same mistake, time and again. Drunk in the dream of exuberant profit, they do not foresee the disastrous impact of 19,000 MW of coal power plant and 7,200 MW of nuclear power plant which are planned to be built countrywide by 2041 along with 100 Special Economic Zone (Power Sector Master Plan 2016). It is not a surpr
Re: Japan intends to confirm over $1.83b... That£s handy, so they upgrade the Jamuna railway bridge, already for the export of surplus coal from Phulbari?? Besides, it will lend Yen 7.93 billion for the Matarbari ultra-super critical coal-fired power plant (phase-IV) project, Yen 6.73 billion for the Jamuna railway bridge project and Yen 6.56 billion for the health service strengthening project.[link] region is relatively flat with occasional natural forest remnants at an elevation of 30 metres above sea level and comprising an alluvial plain with slightly raised terraces formed in pre-historic time by the drainage of the sub-Himalayan river systems (the Ganges/Padma and Jamuna rivers).[link] for the domestic market will be largely transported from Phulbari by rail. Coal that is surplus to domestic requirements will be transported to international markets by rail, river and sea[link] and just to note, the 30 years to repay the loan (plus a 10 year grace period), ties in nicely with the length of lifespan of GCM£s mining operation£. Just a thought ..
Re: Japan intends to confirm over $1.83b in ... Japan is likely to confirm a US$ 1.83 billion in aid for Bangladesh next week, officials said Saturday.The money from the country's largest bilateral development partner is meant to bankroll six development projects.Finance ministry officials said the Japan International Cooperation agency (JICA) is expected to sign a deal on Yen 200.37 billion ($ 1.83 billion) official development assistance.The agreement signing is scheduled for June 14.Under the proposed 39th ODA package, Japan will provide some Yen 2.65 billion loan for the Matarbari port development project.The Yen 37.22 billion will be for Dhaka MRT line-06 construction (phase-III) project, and Yen 7.36 billion for Dhaka MRT line-05 feasibility study project.Besides, it will lend Yen 7.93 billion for the Matarbari ultra-super critical coal-fired power plant (phase-IV) project, Yen 6.73 billion for the Jamuna railway bridge project and Yen 6.56 billion for the health service strengthening project.Meanwhile, the Economic Relations Division (ERD) and the JICA completed their preparations for signing the agreement, a finance ministry official said."We are hopeful about confirming the loan under the upcoming aid package on June 14. The loan will be utilised for six ongoing and fresh development projects," he told the FE.In March this year, a Japanese team pledged to channel the money, expressing willingness to confirm.Headed by Japanese Ambassador in Bangladesh Hiroyasu Izumi, the team met Economic Relations Division (ERD) secretary Kazi Shofiqul Azam.A JICA team in September-October period last year completed its mission to Bangladesh to explore the possible financing to the proposed six projects.The official said the aid will be useful for Bangladesh as it will be utilised for developing the new and ongoing projects, including the Matarbari power plant."All these projects are very important for the country to ensure smooth transportation and uninterrupted power supply," he added.The government will have to repay the loan in 30 years with a 10-year grace period.The JICA will charge 1.0 per cent interest rate for the proposed credit.Over the last five to six years, Japan has enhanced its aid with confirming more than US$ 1.0 billion worth of funds under each of the aid packages.In the last 38th ODA package, signed in June 2017, the JICA also confirmed Yen 178.223 billion ($ 1.64 billion).The credit was used for six development projects in transport infrastructure, power and water sectors.The Japanese government offered $ 700 million (Yen 76.825 billion) for Hazrat Shahjalal International Airport Expansion project, $ 480 million (Yen 52.73 billion) for the 2nd Kanchpur, Meghna and Gumti bridges construction.It also granted $ 50 million (Yen 5.593 billion) loan for Dhaka Mass Rapid Transit development project (Line 1).It confirmed loans for several projects, including $ 100 million (Yen 10.745 billion) for Matarbari ultra super critical coal-fired power plant.In June 2016, Japan signed the 37th ODA deal worth $1.50 billion (173.54 billion Japanese Yen) with Bangladesh. And in December 2015, it signed the 36th ODA package, confirming $1.2 billion concessional loan for six development projects.Japan has provided nearly US$ 12 billion of assistance since the country's independence in 1971.
Japan intends to confirm over $1.83b in aid next week Japan intends to confirm over $1.83b in aid next week [link]
Coal poses long-term threat to LNG in Bangladesh Coal poses long-term threat to LNG in BangladeshThe high cost of imported LNG means Bangladesh is likely to favour coal for baseload generation, according to Lin Boqiang, professor at the China Institute for Studies...Plans to increase coal-fired power capacity in Bangladesh could limit demand growth for LNG in the country over the long term. The Bangladeshi government wants to increase the country£s power generation capacity from 13.8 GW now to 24.0 GW by 2021. To meet this target, it has sought 6 GW of new coal-fired capacity and 4 GW of gas-to-power capacity.The high cost of imported LNG means Bangladesh is likely to favour coal for baseload generation, according to Lin Boqiang, professor at the China Institute for Studies...[link]
Phulbari - CGGC With the rise in commodity and oil prices recently .. coal also now and being 41% more valuable than 12 months ago .. it would make sense for the Chinese to really start to push weight behind this project bearing in mind the significantly increase in the value of the commodity now under the ground at Phulbari. I would not at all be surprised to hear that a consortium from CGGC has been active at the GCM office in Phulbari in order to add credibility to the discussions and support gathering locally..... Just saying
Bangladesh Power Development Board Bangladesh Power Development BoardA long-term plan of electricity generation against the demand up to 2030 has been incorporated in the PSMP 2010. Under the plan, generation capacity requirement in 2021 will be 24,000 MW against the demand of 20,000 MW and in 2030 generation capacity will be 39,000 MW against the demand of 33,000 MW. Around 50 % power will be generated from the domestic and imported coal and 23 % will be generated from Gas /LNG out of the total generation capacity 39,000 MW in 2030[link]
Re: Well Done Quote of the day GPback, has the final go-ahead been given now, while I was on holiday in Asia?---------- "Lol SS, a lot of money has been made with this share without a GL. That was my point. For me at least, now it is only about the GL."
PDB forms 2nd joint venture under indemnity law PDB forms 2nd joint venture under indemnity law[link]
[link] BPDB to sign 1,320MW power deal Sunday Bangladesh Power Development Board (BPDB) is set to sign a joint venture contract on Sunday to establish a coal-fired power plant having 1,320 megawatt (MW) generation capacity. "As part of the government's move to increase the power production, the BPDB will sign the contract at Mukti Hall of Bidyut Bhaban in the city with China Huadian Company for installing 1,320MW power plant at Moheshkhali in Cox's Bazar," BPDB Director (public relations) Saiful Hasan Chowdhury said on Saturday. He said under the agreement, a new joint venture company will be formed within 30 days, adding, "The new company will construct a 1,320MW ultra super critical coal-fired power plant at Moheshkhali in Cox's Bazar by 48 months." State Minister for Power, Energy and Mineral Resources Nasrul Hamid will be the chief guest at the contract signing ceremony, reports BSS.
Any ideas Wide price ranging recently. News coming?
Interesting link And another case and good reason for the GoB to be using their own coal[link]
Re: zzzzzzzzzzzzzzzzzzzzzzzz Hardly every day that we see a 450k trade though mate , it does make you wonder if more positive news is on the way