That is surely reckless and supporting awami looting scheme. At this rate electricity, port and everything will cost more than any place in the world and investment will not be a economically viable option in Bangladesh. As we can see garments already lost competition advantage. Meat production cost more than any surrounding country. Don't come back with more idiotic comments to justify awami league wholesale looting and claim I do not support awami league.
Deep-sea port to be built in Matarbari: Nasrul Hamid
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That is surely reckless and supporting awami looting scheme. At this rate electricity, port and everything will cost more than any place in the world and investment will not be a economically viable option in Bangladesh. As we can see garments already lost competition advantage. Meat production cost more than any surrounding country. Don't come back with more idiotic comments to justify awami league wholesale looting and claim I do not support awami league.
Looting scheme or not, at least, you should agree that the present AL govt is trying to build the needed infrastructure. BNP govt led by Begum Zia was a farce. She does not think the country needs development works, produce more power, build multi-sector industries and the people get employment.
However, why should people come to a quick conclusion of graft taking only because the price of Matarbari power plant is high? It is supposed to be JICA-funded project. How people can think the govt of Japan will invest its own tax money and also pay bribe to the politicians of an underdeveloped BD?
Low pollution super-critical technology will be used there. People of Shonar Bangla want free lunch, but this new technology costs money. Pollution is less because the fuel efficiency is much higher at 44%. This causes the burning of less quantity of coal to get a unit of electricity.
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Excellent point.
BD will probably be able to get the extra cost of the plant back by less money spent on coal imports and less maintenance costs as well.
Actually, I made a mistake. It is ultra-supercritical technology that will be used in Matarbari. Its efficiency is 46%. Please read the excerpt below:
Coal-fired supercritical power plants operate at very high temperature and pressure (580 degree centigrade temp. with a pressure of 23 MPa) resulting much higher heat efficiencies (46%), as compare to sub-critical coal-fired plants which operates at 455 degree centigrade temp., and efficiency of within 40%. Some of the benefits of advanced supercritical power plants include:
(a) Reduced fuel costs due to improved plant efficiency;
(b) Significant improvement of environment by reduction in CO2 emissions;
(c) Plant costs comparable with sub-critical technology and less than other clean coal technologies;
(d) Much reduced NOx, SOx and particulate emissions;
(e) Can be fully integrated with appropriate CO2 capture technology.
You cannot put a price on the environment.
Bilal9
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I may have made an idiotic comment, but what would be the alternative?
- Mass chaos, maramari, jalao porao, hartal and lack of development?
- Bomb blasts like which happens in Pakistan?
Actually - please don't bother responding to my comment. This is OT for this topic anyway. My bad.
RIGHT. what price awami league put on destruction of Sundarban with Rampal power plant??? Poor bricklane grcery awami logic.
WHY those destructive things need to happen at the first place???? WHY not give free and fair election undercaretaker administration???? Answer that.
Like i have already said before you are deranged and devoid of any ability to debate in a open-minded fashion.
Trying to have any conversation with you is a complete waste of time.
you do not have anything to backup awami league environmental credentials; now you are beating around the bush with zero credibility.
Nilgiri
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LOL, UNCTAD says 2 billion in FDI (3 times less than India per capita and even more times less in quality investment given average installment size)....and stagnated too. No movement on FPI either, not even a tariff break for basic MSME assembly from your corrupt "we want our cut" govt. Yaaaawnnnnnn.
Resorting to loan driven capex this early in your development (given your physical consumption per capita is much much less than even Pakistan's and Myanmar's) is frigging laughable....enjoy paying those back (with interest) with your govt corruption ranked where it is....not to mention your export/production (hard forex) portfolio still dominated by one industry reliant on LDC quotas.
I hate to say this but awami cheer leading pom poms are not about economic fundamentals BUT for political bluster without substance.
Do you understand what a regression line is?
Just draw one through the above graph and see the upward trend.
And what is wrong with loans if they come on good terms? Japanese charge just 0.1% interest and a grace period of 10 years and the loan is payable over 40 years. ADB and World Bank loans are also very good. Russian and Chinese loans are ok but not like taking high interest IMF loans.
BD is by far the least indebted country in the whole of S Asia with debt/gdp ratio at only 27% of GDP. India is at 70% by comparison.
Talk logically. Here it is not the Rampal project. We are here talking about Matarbari power plant. Fair election is ok. But, people should not vote for a woman who did not include 1 MW of electricity in the national power grid during her 10 year rule. That BNP woman is completely different from Ziaur Rahman, and she managed to bring up her two naughty sons as per her own image.
If she comes once again, she will stop all the development projects and prosecute the AL leaders. She did similar vengeful things in the past. Do you remember the Mig-29 graft prosecution? Of course, I personally do not endorse AL vandalism.
Nilgiri
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Problem for your regression is you need to compare to a reference (say developing country average, preferably around the time of same stage of per capita consumption as BD is now) to make sense of the time elapse. Which you conveniently have not done (and you will not do because BD will come out terrible). Not to mention the pitiful base effect in play for BD. Anything under 5 billion USD per year is a big failure for BD at this level of backwardness and flat growth given the huge catch up needed. Considering all of that BD certainly is stagnant in FDI (quality, directed investment).
India for example (about 10 years ago) when it was at the current level of consumption per capita as BD, was raking in 25 billion USD per year and the growth in the time frame you picked for BD was around 20% a year. BD on per capita scale would either be needing around 4 billion a year (if it were growing at that rate) but much higher level if its growing at its current FDI rate in your time frame (around 12% a year - augmented to large degree by extremely low base). In fact this is not even taking into account the lower quality of smaller FDI chunks in absolute level generally so its even worse.
India in last 3 years went from 25 billion to 45 billion a year. Bangladesh in same time period went from 1.7 billion to 2 billion.
Loans are routed through govt. If you dont understand why thats a major problem in BD case, hah ok. Just watch the fun. We all know where BD govt is institutionally rated and what the corruption metrics are.
FDI on other hand is routed through private enterprise. It is qualitatively on another scale....given it has to be profit bearing and thus tied to mechanisms operating a lot better than those found in a sub 10% corruption percentile (in world rankings) govt.
No one really cares what a bad junk rating debt/gdp ratio country has, that too one within the GDDS structure of IMF. Are the countries worse off (yes a few exist) than Bangladesh doing better because of their even smaller debt/GDP ratio?
It basically is the ceiling/proxy on offer by the world debt market given the circumstances of the country. Who knows what the BD debt/GDP would be if it had a non-junk credit rating? It would depend on the mercantile/consumer development ratio and many other factors, but its all hypothetical because the current reality is something else all together.
India has 3 times less debt/GDP than Japan and plenty of other richer countries. So your non-existent seignioriage, LDC quota dependent country is a tiny rice grain in this conversation to being with. If you want to enter that convo, turn investment grade first for at least a decade, then we will talk. Till then its a case of getting cut off from options, rather than you consciously forgoing it.
@idune, now you are truly exposed as an Indian citizen. You always try to hide your true identity by bashing AL. Why do not you come back with your real flag?
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