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Bangladesh Economy: News & Updates

are you going to link the region to the port in Iran? there by giving access from BD to Central Asia with almost half the distance?

That would be the natural extension of it yes. Also with the CEPA with Sri Lanka on the anvil....there can be extension with that too if a motor vehicle agreement is put in there too.
 
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You are again using words of violence when I expect you to use a few words of knowledge. Do you have any proofs to counter my points I have been posting in this thread? If there is none, better keep quite.
Thing is you are ignorant by choice my friend. And how did I threatened you?

And you offered shit. What is those fine points again? Supr duper technology?
You should know none of them are fullproof. It only increase the costs to the extents where production costs will be too high to bw economical.
And no technology can prevent the rising of temperature of the spent water.

Study harder kid,before you come blabbering around.

You are again using words of violence when I expect you to use a few words of knowledge. Do you have any proofs to counter my points I have been posting in this thread? If there is none, better keep quite.

Pure zibberish. Too much butthurt and brain fart in one post.

you are just butthurt cuz it was BNP who was the culprit, that took bribe and signed the deal with Asia energy to extract coal in open pit method, which National Committee opposed and BNP had to backtrack in the face of a popular uprising.

And you are also butthurt cuz National Committee also declined to work with BNP on the Rampal issue, after BZ come up against Rampal in a press meeting.
Where is your act of 'India taking too much advantage of BD' rants now?

Clearly explains your new found love for "development ".
 
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Dighipara mine is a non starter. This feasibility study will be a waste of money.
 
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Bangladesh has given free of cost transit facility to India on 'humanitarian' ground many times before. Its time to give some money for transit like all other countries give to transit country. :mad:

Yes its time for Bangladesh to work on a economic corridor like CPEC and earn money stop giving free lunches.
 
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Bangladesh has given free of cost transit facility to India on 'humanitarian' ground many times before. Its time to give some money for transit like all other countries give to transit country. :mad:

First tell your leader SHW to grow a spine. Right now she is a lackey and will give it to us free if we so much as make an eye gesture.
 
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Hehe,we can also take some of these products as rent for using our roads...
If its economically feasible bangladesh should buy petroleum products at the same price given to NE. But petroleum products are subsidized doubt India will agree to that. We are all for NE buying goods from BD as it will be lesser cost instead of paying for circuitous route from which nobody benefits.
 
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What do you mean "sticking together"?

India and BD may have some economic cooperation (and it will increase as BBIN becomes bigger). But Pakistan is pretty much segregated from rest of South Asia economically, because of MFN issue with India.

Well,3 countries from the same sub-continent...

And Pakistan will soon see their days darkening...They are not caring much about their economy and diplomatic relations and this might not be a good option in the long term...
 
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Well,3 countries from the same sub-continent...

And Pakistan will soon see their days darkening...They are not caring much about their economy and diplomatic relations and this might not be a good option in the long term...

PK is paying more attention to CPEC. Besides PK has option with the central Asia.
What India or other south asian countries have? China? They are too big. ASEAN? They wont take you anyways.
 
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PK is paying more attention to CPEC. Besides PK has option with the central Asia.
What India or other south asian countries have? China? They are too big. ASEAN? They wont take you anyways.

BD was offered to join ASEAN.And China and Japan are major economical allies... ( China is an ally on all fields though )
 
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BD was offered to join ASEAN.And China and Japan are major economical allies... ( China is an ally on all fields though )

NO BD is offered an observer status like India, china and USA.
We are not at parity with all those big guys. Besides we dont share border with them.
 
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The National Committee to Protect Oil, Gas, Mineral Resources, Power and Port forms a human chain in front of the National Press Club yesterday, protesting a move to set a power plant at Rampal, an adjacent area to Sundarbans

The authorities concerned are saying that the machinery in Rampal power plant would be harmed if Indian coal were used

A high-level government delegation has toured three countries – Indonesia, Australia and South Africa – and submitted a report saying the coal from these countries is suitable for the plant.

Delegation member and Power Cell Director General Mohammad Hossain said: “Because Indian coal is low quality, it was not even mentioned in the project proposal. If Indian coal is used, the power plant will fall. So Indonesian, South African or Australian coal will be used there. Those are of far better quality than Indian coal.”

Indian coal will not be used in the Rampal coal-based power plant because of its low quality, the authorities told the Bangla Tribune’s Shafiqul Islam.

Australian, Indonesian and South African coal contain less sulphur, about 1 to 2 percent and therefore they are more environment-friendly. Indian coal contains 6 to 7 percent sulphur.

In reply to a query, Mohammad Hossain said: “Coal for Rampal will be obtained through a tender process. Suppliers will provide coal according to the terms and conditions of the tender. The government has no hand in this.”

Bangladesh’s environment act bans the import of coal that contains more than 1 percent sulphur.

Asked if coal from the Fulbari coal mine will be used in the plant in the future, he said: “How do we transport coal from Fulbari to Rampal? There’s no waterway. Can it be done by road? Rampal will need 10,000 tonnes of coal every day. So we will need railways and wagons. Do we have that? Can we imagine the cost of laying these lines, getting these wagons and transporting this much coal every day? The whole idea is just fanciful.”

Coal Power Generation Company Managing Director Abul Kashem told Bangla Tribune: “Australian, Indonesian and South African coal are of high quality and much better than Indian coal. Authorities have recommended those kinds of coal for Rampal.”

In the international market, high quality coal is $70 per tonne and low-grade coal costs between $50-60 per tonne.

Importers said coal prices were dropping worldwide and export out of Indonesia and South Africa had increased.

In 2015-16 financial year, 2.3 million tonnes of Indonesian and South African coal was imported through Chittagong port. On the other hand, only about 100,000 tonnes of Indian coal came through the custom stations in Sylhet. In the previous years the amount of Indian coal import was 1.7 to 2 million tonnes.

High prices and low quality were discouraging importers from going to India for coal.

According to the Sylhet Coal Importers Association, Indian coal costs $85 per tonne or around Tk6,700. After import this is sold at Tk7,500. On the other hand, Indonesian and South African coal costs $52 per tonne and after import their price is Tk6,000. Importers said coal from Australia would cost about the same. These low prices are the reason importers are diverting their attention away from Indian coal.

The association said Bangladesh’s annual demand for coal is 4 million tonnes, of which 3 million come from India. Coal is used in brick kilns, tea stalls, re-rolling steel mills and road construction among other purposes.

According to Bangladesh University of Engineering and Technology’s chemical engineering department, around 80 to 90 thousand tonnes of coal is extracted from the Barapukuria mine in Dinajpur annually. This coal is used in the state-owned Barapukuria 250-300MW power plant.

In some years, a small amount of surplus coal from Barapukuria is given to local brick kilns. No other coal mine in the country is in production, though there are a growing number of coal-based power plants. Once the 1,360MW Rampal thermal power plant is operational it will require 4.5 million tonnes of coal annually – nearly equal to the current national consumption.

See more at - http://www.dhakatribune.com/bangladesh/2016/09/06/indian-coal-used-power-plant-will-fall/
 
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The National Committee to Protect Oil, Gas, Mineral Resources, Power and Port forms a human chain in front of the National Press Club yesterday, protesting a move to set a power plant at Rampal, an adjacent area to Sundarbans

The authorities concerned are saying that the machinery in Rampal power plant would be harmed if Indian coal were used

A high-level government delegation has toured three countries – Indonesia, Australia and South Africa – and submitted a report saying the coal from these countries is suitable for the plant.

Delegation member and Power Cell Director General Mohammad Hossain said: “Because Indian coal is low quality, it was not even mentioned in the project proposal. If Indian coal is used, the power plant will fall. So Indonesian, South African or Australian coal will be used there. Those are of far better quality than Indian coal.”

Indian coal will not be used in the Rampal coal-based power plant because of its low quality, the authorities told the Bangla Tribune’s Shafiqul Islam.

Australian, Indonesian and South African coal contain less sulphur, about 1 to 2 percent and therefore they are more environment-friendly. Indian coal contains 6 to 7 percent sulphur.

In reply to a query, Mohammad Hossain said: “Coal for Rampal will be obtained through a tender process. Suppliers will provide coal according to the terms and conditions of the tender. The government has no hand in this.”

Bangladesh’s environment act bans the import of coal that contains more than 1 percent sulphur.

Asked if coal from the Fulbari coal mine will be used in the plant in the future, he said: “How do we transport coal from Fulbari to Rampal? There’s no waterway. Can it be done by road? Rampal will need 10,000 tonnes of coal every day. So we will need railways and wagons. Do we have that? Can we imagine the cost of laying these lines, getting these wagons and transporting this much coal every day? The whole idea is just fanciful.”

Coal Power Generation Company Managing Director Abul Kashem told Bangla Tribune: “Australian, Indonesian and South African coal are of high quality and much better than Indian coal. Authorities have recommended those kinds of coal for Rampal.”

In the international market, high quality coal is $70 per tonne and low-grade coal costs between $50-60 per tonne.

Importers said coal prices were dropping worldwide and export out of Indonesia and South Africa had increased.

In 2015-16 financial year, 2.3 million tonnes of Indonesian and South African coal was imported through Chittagong port. On the other hand, only about 100,000 tonnes of Indian coal came through the custom stations in Sylhet. In the previous years the amount of Indian coal import was 1.7 to 2 million tonnes.

High prices and low quality were discouraging importers from going to India for coal.

According to the Sylhet Coal Importers Association, Indian coal costs $85 per tonne or around Tk6,700. After import this is sold at Tk7,500. On the other hand, Indonesian and South African coal costs $52 per tonne and after import their price is Tk6,000. Importers said coal from Australia would cost about the same. These low prices are the reason importers are diverting their attention away from Indian coal.

The association said Bangladesh’s annual demand for coal is 4 million tonnes, of which 3 million come from India. Coal is used in brick kilns, tea stalls, re-rolling steel mills and road construction among other purposes.

According to Bangladesh University of Engineering and Technology’s chemical engineering department, around 80 to 90 thousand tonnes of coal is extracted from the Barapukuria mine in Dinajpur annually. This coal is used in the state-owned Barapukuria 250-300MW power plant.

In some years, a small amount of surplus coal from Barapukuria is given to local brick kilns. No other coal mine in the country is in production, though there are a growing number of coal-based power plants. Once the 1,360MW Rampal thermal power plant is operational it will require 4.5 million tonnes of coal annually – nearly equal to the current national consumption.

See more at - http://www.dhakatribune.com/bangladesh/2016/09/06/indian-coal-used-power-plant-will-fall/


No issues...Just do not import Indian coal and do whatever is best for your power plant..
 
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No issues...Just do not import Indian coal and do whatever is best for your power plant..

Since India holds 50% ownership of the power plant, they are fearing that coal may be imported from India.
 
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@Bilal9

Are you still sure this is some kind of big scam being perpetrated? Something seems off to me about all of this.

@Anubis @Loki @BDforever

What are your comments on it?

The SCAM is real considering the fact that these guys,

a) Don't have any of their own money - they borrow money (with varying levels of success) from questionable sources in US.

b) Have never built anything exceeding four stories, much less over a hundred stories.

c) They have greased the palm of Bangladeshi govt. officials - presumably including Muhith.

d) Their history of medical fraud is well-documented here in the West Coast of the United States.

There will be no building built in Dhaka.

What they will do is simply gain the allotment of hundreds of acres of land at unbelievably discounted price and sit on it and later sell it - turning a profit.

Tell me - there are tons of reputable heavy-weight real estate companies in the Middle East, Malaysia, Thailand, even India. How come those companies aren't in the running or even in the picture?

Classic SCAM.
 
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