Global Coal Management Plc (formerly Asia Energy PLC)



Overview

GCM Resources plc (GCM) is a London-based resource exploration and development company. Its principal asset is its undeveloped coal deposit in the Phulbari region of Bangladesh, the development of which is awaiting approval from the Government of Bangladesh. It also has investments in other companies with mining interests. The company's shares are quoted on the Alternative Investment Market (AIM). (Ticker code: GCM).

The Phulbari Coal Project is a substantial, world class coal resource that will support a long life, low cost mining operation. It is the only such deposit in Bangladesh that has been subjected to a full Feasibility Study and Environmental and Social Impact Assessment prepared to international standards. In partnership with the Bangladesh Government, civil society and the community, GCM is committed to developing the Phulbari Coal Project to the highest social and environmental standards. By doing this, GCM seeks to maximise the benefits of the Project for both the Company’s shareholders and the people of Bangladesh.

The Company (GCM) under its former name, Asia Energy PLC, was incorporated in England and Wales as a public limited company on 26 September 2003. Asia Energy PLC was admitted to the Alternative Investment Market (AIM) of the London Stock Exchange on 19 April 2004. Through seed capital raising and the subsequent placement of shares, some £14 million was raised.

In November 2005, following submission to the Government of Bangladesh of the Phulbari Coal Project's Feasibility Study and Scheme of Development, the Company placed an additional 7 million shares and raised a further £33 million.

GCM actively reviews investment opportunities in order to broaden its global investment portfolio.

Coal Project facts

■ Energy security and diversity – The Project has a unique role to play in addressing the country’s electricity shortfall as its development will provide the basis for a step change in the country’s electricity generating capacity.
■Regional development – The Project will provide 17,000 jobs (direct and indirect). In addition the development of new industries using the industrial mineral co-products from the mine will create thousands of more jobs. The living conditions of all affected people will be improved and their livelihoods will be restored and in many cases improved. As a result of year round irrigation, improved water quality, improved inputs and improved farming practices it will be possible to produce three crops per year with higher yields than at present.
■Huge economic impact – Phulbari will contribute 1% to Bangladesh’s GDP each year and pay US$7.0 billion in taxes, royalties and service charges to the Government over the life of the Project. The replacement of high sulphur imported coals and other hydrocarbons will have a positive effect on balance of payments and air quality.

In partnership with the Bangladesh Government, civil society and the community, GCM is committed to developing the Phulbari Coal Project to the highest national and international social and environmental standards. By doing this, GCM seeks to maximise the benefits of the Project for both the company’s shareholders and the people of Bangladesh.

Background

Bangladesh is one of the most densely populated countries in the world with some 162 million people living in an area two thirds the size of the United Kingdom or about the size of New York State. Less than one third of its population live in cities while the majority live in rural areas relying on a predominantly subsistence lifestyle. GDP per capita is around US$1,700 (ppp) per annum compared with a world average of US$10,500. Less than half the population have access to electricity. Bangladesh is a country of enormous potential. It has the eighth largest work force in the world and is included in the “Next Eleven” countries that, after the BRICs (Brazil, Russia, India, and China), were identified by Goldman Sachs as having the potential to become the world’s largest economies in the 21st century. It has enjoyed more than 6% economic growth in real terms over the last five years as well as substantial improvements in measures of human development. For example, between 1980 and 2006 life expectancy has improved from 48 years to 63 years and literacy rates have improved from 29% to 53%.

Bangladesh is one of the most climate vulnerable countries in the world with a significant proportion of the population living in remote or ecologically fragile areas such as river islands or cyclone prone coastal areas. Two thirds of the country is less than five metres above sea level making it vulnerable to the predicted effects of climate change.

Although Bangladesh is vulnerable to the effects of climate change, it is not itself a significant emitter of carbon dioxide. Per capita carbon dioxide emissions (0.3t/capita) are substantially below other countries in the region (Pakistan 0.9t/capita, India 1.4t/capita, China 4.9t/capita) which themselves are substantially less than emissions from developed countries (UK 8.9t/capita, USA 18.9t/capita). Even with the addition of the 4,000MW of electricity capacity which Phulbari coal could support, Bangladesh would still be one of the lowest emitters of carbon dioxide in the world, substantially less per capita than its neighbouring countries.


http://www.gcmplc.com/

"

yes smiler - up and down like a yo yo... i'm not sure if the MMs know what value to put on this share...

LONDON (AFX) - Coal and minerals processor GVM Metals Ltd said it swung to first-half pretax profit of 1.8 mln aud from a loss of 8,610 aud on a total revenue of 26.5 mln aud compared with 15.2 mln aud year ago.

It made a net profit in the period to end-December of 912,368 aud compared with a loss of 141,447 aud previously.

GVM has placed 12.2 mln shares to raise 6.1 mln aud with Global Coal Management PLC, previously Asia Energy PLC.

The company said cash at the end of the half year was 10.7 mln aud, compared with 985,333 aud as at June 30 2006.

newsdesk@afxnews.com

A tic up to day aj !! you see the news on acu well in profit now ! :)) may have to start a thread

Smiler - yes it seems to do the trick!!

Global Coal Management PLC
14 March 2007

Global Coal Management plc ('the Company')


Notification of Significant Holding



Under the FSA Disclosure and Transparency rules DTR 5, the following information falls to be disclosed:

The Company was notified on 12 March 2007 that UBS AG and its subsidiary companies have acquired a further interest in
the shares of the Company resulting in a total holding of 5,690,393 Ordinary Shares of 10p each in the Company. This
represents 11.67% of the issued share capital of the Company.

Global Coal Management PLC
14 March 2007

Global Coal Management PLC ('the Company')

Notification of Significant Holding



Under the FSA Disclosure and Transparency rules DTR 5, the following information
falls to be disclosed:

The Company was notified on 12 March 2007 that Fidelity International Limited
and its direct and indirect subsidiaries along with Fidelity Management Research
Company and its direct and indirect subsidiaries, have an interest in the shares
of the Company resulting in a total holding of 2,917,051 Ordinary Shares of 10p
each in the Company. This represents 5.98% of the issued share capital of the
Company.

Tata official in talks to revive Bangla investment plans
14 March 2007
Mumbai: The Tata Group has renewed its efforts to put its proposed $3-billion investment projects in Bangladesh back on track. Tata Group's resident director Manzer Hossain met the communications adviser M A Matin to gauge the mind of the caretaker government regarding its proposal. He also discussed the latest developments related to the Indian conglomerate's proposed investments in the country.
"We are yet to get any indication regarding resumption of talks" on the investment proposals, media reports quoted Manzer as saying.
The adviser is reported to have suggested that the issue be taken up with the relevant ministry.
"The industries ministry is the proper authority to deal with such projects while the government's investment promotion agency, Board of Investment, is the custodian of the review report on Tata's investment proposal," Matin said.
Tata Group had expressed interest in investing in three main projects - a steel unit, a power plant and a fertiliser factory - in Bangladesh in 2003 and offered its final revised proposal in April 2006.
The proposal grew last year into a $3-billion investment plan - more foreign money than has been invested in impoverished Bangladesh since its first full year as a country in 1972 but talks stalled over a failure to agree over the price of natural gas, and country's descent into pre-election political confusion and violence.
Tata wants to set up a steel plant with annual production capacity of 2.4-million tonnes, a urea factory with 1-million tonnes capacity, a 500 MW coal-fired power station and a 1,000 MW gas-fired power plant.
Tata will require 200-million cubic feet of gas per day (mmcfd), Manzer said. Tata also plans to set up two hospitals and two training centres for employees in Bangladesh as part of its welfare programme, he added.
However, the government led by Khaleda Zia's Bangladesh Nationalist Party had postponed its decision on the proposal, leaving it to a popular government after the parliamentary elections to take a final decision. Tata had since stopped work on the project.
The interim government is charged with holding free and fair elections as soon as possible but it has yet to announce a date. An election earlier planned for January 22 was postponed following countrywide political violence that killed 45 people and injured hundreds. Bangladesh has been under a state of emergency since January 11.

Global Coal Management PLC
16 March 2007

GLOBAL COAL MANAGEMENT PLC (Formerly Asia Energy plc) (AIM: GCM)

Interim Report for the six months ended December 31 2006



It has been an exciting period for Global Coal Management plc (GCM). We have
acquired some new additions to the Company's portfolio, whilst witnessing many
dynamic changes in the political and investment climate in Bangladesh.


In January 2007 the Company's name changed to Global Coal Management plc. The
name better reflects the global strategy of the Company and the broadening of
our investment portfolio.


While the political situation in Bangladesh remains uncertain, there is general
optimism in the business community that the current Caretaker Government will
take this opportunity to address the critical issues facing the country today.
This includes the key issue of power supply.


GCM continues to wait for approval from the Government of Bangladesh for the
Phulbari Coal Project's Scheme of Development. We remain committed to work with
the Government to find an acceptable and harmonious way to implement this
exciting Project for the benefit of all stakeholders.


Highlights of the year have been investments in GVM Metals Ltd (GVM) and Peoples
Telecommunications and Information Services Ltd (PeoplesTel) in the latter part
of December 2006 and January 2007.



Results


The Group made a loss of 1,027,000 after tax for the six months to 31 December
2006 (December 2005: loss of 355,000). This includes a one-off charge of
834,000 due to the valuation of options issued during the six months ended 31
December 2006 to comply with the new accounting standard FRS20 Share-Based
Payments. Excluding the impact of this charge, the loss for the six months ended
31 December 2006 is 193,000.


Exploration expenditure for the six months amounted to 1.8 million (December
2005: 3.9 million) as the Group reduced activity while awaiting approval from
the Government of Bangladesh, to proceed with the next stage of the Phulbari
Coal Project.

16.03.07

Under the FSA Disclosure and Transparency rules DTR 5, the following information falls to be disclosed:

The Company was notified on 16 March 2007 that Credit Suisse Securities (Europe) Limited (CSSEL) and its subsidiary companies have an interest in the shares of the Company resulting in a total holding of 1,904,724 Ordinary Shares of 10p each in the Company. This represents 3.91% of the issued share capital of the Company.

Global Coal Management PLC
21 March 2007

Global Coal Management plc

('the Company')


Notification of significant holding



Under the FSA Disclosure and Transparency rules DTR 5, the following information
falls to be disclosed:

The Company was notified on 20 March 2007 that RAB Special Situations (Master)
Fund Ltd and its subsidiary companies have an interest in the shares of the
Company resulting in a total holding of 9,379,511 Ordinary Shares of 10p each in
the Company. This represents 19.23% of the issued share capital of the Company.


21 March 2007

Global Coal Management PLC
22 March 2007

Global Coal Management plc

('the Company')


Notification of significant holding



Under the FSA Disclosure and Transparency rules DTR 5, the following information
falls to be disclosed:

The Company was notified on 21 March 2007 that UBS AG and its subsidiary
companies have acquired a further interest in the shares of the Company
resulting in a total holding of 5,556,693 Ordinary Shares of 10p each in the
Company. This represents 11.61% of the issued share capital of the Company.




22 March 2007

March 27, 2007

Global Coal Management Has A New Direction.


By Rob Davies



Companies that are reliant on one very large project in one country in the third world are vulnerable to a multitude of events. Such was the case with Asia Energy when its Phulbari coal project in Bangladesh came to a halt last September. Chief executive Stephen Bywater gave Minesite an update on the company after it released interim results in mid March. He said it was unfortunate that Phulbari had got caught up in the politics of Bangladesh and he explained some of the background in more detail than this correspondent could cope with. In essence it still has a contract but the project is effectively mothballed waiting for permission from the government to start development. Stephen Bywater says that in his view that situation is unlikely to change for a year or so.
To its credit the company has dealt with the realities of the situation in a very proactive way. It has changed its name to one that gives it a greater scope to expand its areas of operation and has made two acquisitions. The first was to buy a 26.5 per cent stake in PeoplesTel for US$5million. This Bangladeshi telecommunications operator has a modern wireless infrastructure around the proposed mine area and demonstrates the companys commitment to the country. Stephen Bywater also went on to say that as a result of the deal it is now in partnership with local business and businessmen and should be able to advance its case for Phulbari more effectively.

The second development was to participate in a placing by GVM Metals that gave it an 18 per cent stake in the AIM and ASX listed South African coal company for a cost of 2.4million. GVM has completed the purchase of a small nickel magnesium alloys manufacturing and distribution business that is mature but is very cash generative at this stage of the commodity cycle. It provides what Simon Farrell, managing director of GVM, calls walking around money of about R30 -40million a year. But the real interest in GVM is its four undeveloped coal properties in South Africa: Mooiplats and Holfontein, Limpopo and Kelso Mining.

Despite the best efforts of a disparate group of academics, diplomats, politicians and a variety of anti-business lobby groups known collectively as environmentalists economic progress is still best made by employing energy to raise living standards. And coal is one of the cheapest sources of energy. South Africa is now an economy growing rapidly after decades of stagnation and that is reflected in its rising energy consumption. Eskom, the energy parastatal, is now struggling to cope with demand growing at 6 per cent a year and is running plants at 90 per cent capacity instead of the designed 75 per cent utilisation rate.

It has re-commissioned power stations that have been mothballed for years and has a programme to build one new power station every two years. That will add six million tonnes a year of demand to an annual coal burn that is currently 112 million tonnes and rising. GVM is a company supremely well placed to supply that additional demand after its rapid acquisition process. In the space of six months or so the team at GVM has put together an impressive package of coal properties, two of which could be in production by the middle of next year. Drilling now under way is expected to define a massive resource base of two billion tonnes of coal from these four properties. The exact nature and structure of the asset base that GVM has assembled deserves an article in its own right, and that will be coming shortly.

In the meantime it is instructive to look at these two companies in a fresh light. At 39p GVM is capitalised at 36million while Global Coal is valued at 79million at a share price of 163p of which only 6.5million can be attributed to GVM. And it still has US$36million in the bank. However, two elements need to be factored in. First is the BEE requirement in all South African companies and the second is the outstanding financial obligations to complete the acquisitions of 32million, and then build the mines.

The BEE aspect will be achieved as a result of purchasing its coal assets from local companies in exchange for shares and will take the company comfortably ahead of its obligations on that front. The second issue is more substantial and Stephen Bywater would not be drawn on the likely scale of the capital required to complete purchase and put these mines into production. Although he did say South Africa has a large contract mining sector that has the potential to reduce capital costs. Whatever way it evolves it does seem logical though that these two companies will become more involved as the projects move into the development stage.

Top Up time soon Me thinks !More from Minesite on GVM and GCM...

March 29, 2007

GVM Metals Has Assembled An Enviable Coal Portfolio

By Rob Davies

Coal, by and large, does not have a good press. It seems to be regarded as little short of evil by environmentalists and capital markets tend to overlook it, probably in part due to the lack of a terminal market. Coal is one of those commodities that everyone needs but few small or even mid-size miners have a pure coal focus. To make good money out of coal you need volume and that is why it tends to be dominated by the big four miners who all have substantial coal operations, and are currently making very good profits from them. There is one company though that is challenging the status quo. Certainly, its share price performance over the last six months has attracted peoples attention.

GVM Metals has risen from 12p a share last September to 38p which still only capitalises it at 39million. Simon Farrell, Managing Director, was kind enough to give Minesite a comprehensive briefing on the background to this and explain some of the quite complex detail of the deals that have contributed to this rise. In simple terms the reason for the rise is twofold. First the company assembled a large portfolio of coal properties in South Africa and then Global Coal Management took an 18 per cent stake in the company for a cost of 2.4million. That stake is now worth three times as much. But this is no overnight success story as Simon Farrell was at pains to point out.

GVM started out five years ago when Simon Farrell became Managing Director and Richard Linell Chairman. To kick off the company bought a nickel magnesium alloy business three years ago for R55million to provide cash flow while they searched for the company maker deal. Unfortunately that was when the rand was strong and the business really struggled. Now, with the rand low and nickel prices high, it is on track to make almost as much profit in one year as it cost to buy. But the real story of GVM started two years ago when it bought a 49 per cent stake in the Holfontein coal project in Mpumalanga province for R21million along with a local black company called Motjoli.

A key feature of the deal, which the company has repeated in subsequent transactions, was to negotiate delayed payment. This has enabled the company to grow rapidly and generate funding on the back of some innovative deals. Pressed on how he was able to secure such good terms Simon Farrell replies that it was because few people in South Africa understood the real value of an option. The other significant aspect of that deal was to start the relationship with the Motjoli Resources, a local fully Black Owned company. Since then the company has gone on to purchase three more coal properties. Unlocking the value in these properties requires a deal to bring in local partners in a BEE compliant fashion. Simon Farrell is now waiting on ministerial approval for the deal that will give Motjoli 38million shares and 7million options, equivalent to 30 per cent of the company, in return for all its coal properties. That more than satisfies the 26 per cent hurdle by 2015.

GVMs future now lies with its four undeveloped coal properties: Mooiplats, Holfontein, Limpopo and Holfontein. Underlying the companys strategy is the burgeoning demand for power in South Africa. After decades of low growth power consumption, as expressed by coal burn, is now expanding at 6 per cent a year requiring Eskom, the state power company, to re-commission mothballed power stations and build new ones. Those two factors are increasing coal demand by over six million tonnes a year and new mines are needed to satisfy that requirement. GVM aims to be part of the solution as two of its projects could be in production by the middle of next year.

Global Coal Management PLC
16 April 2007



Strategic Alliance for Exploration for Uranium in Africa

16.04.07

Global Coal Management plc ('GCM'), (AIM: GCM) announces it has signed a legally
binding Heads of Agreement to form an alliance with Aura Energy Ltd (ASX: AEE)
to identify and acquire uranium projects in Africa. The alliance brings
together the exploration skills of Aura and the project development and mining
experience of GCM.

GCM has adopted a strategy of diversification from its coal project in
Bangladesh and has specifically identified Africa as a mineral region with
potential for further discovery and development as evidenced by its investment
in GVM Metals Ltd (ASX: GVM).

Aura is a uranium exploration company based in Perth, Western Australia which
was listed on the Australian Stock Exchange in May 2006. Aura has a portfolio
of exploration titles which are being actively explored for calcrete and
sandstone-hosted uranium deposits. Aura's Managing Director, Dr Bob Beeson
leads a team which has broad experience in uranium and base metal exploration in
both Australia and overseas - including Africa and the Middle East.

The alliance will be managed and exploration conducted by Aura and funds will be
provided jointly by Aura and GCM in cash and in kind. The initial term of the
alliance is for two years. GCM's obligation is to provide funding of 165,000
for the first two years' activities of the alliance. Aura will identify and
present project opportunities to the alliance.



Following presentation of projects by the alliance, GCM will have the right to
decide whether it wishes to progress to the exploration stage to be structured
as a GCM - Aura joint venture, initially sole funded by GCM. GCM's participation
interest in each joint venture will be 70% or 90% depending upon Aura's funding
contribution.



The alliance programme will be led by Neil Clifford. Neil is one of Australia's
most experienced and successful geologists. He has in excess of 30 years of
exploration experience, and has held senior exploration (BF1) management
positions both in Australia and in Europe, including 13 years as Exploration
Manager with Billiton Australia and Acacia Resources Ltd.

Steve Bywater, Global Coal Management's CEO commented:

'The Aura team, led by Dr. Bob Beeson, are skilled and experienced exploration
experts, and we are pleased to be working with them on this new venture.
Uranium as a fuel for power generation is expected to have a growing demand, and
this diversification adds to our portfolio of energy interests. The GCM board
and management team has significant experience in Africa, and also with the
mining of minerals other than coal - and look forward to the evaluation of
prospects that are identified by the Aura team.'

Dhaka aims for $1bn in foreign investmentPublished: Thursday, 19 April, 2007, 09:21 AM Doha Time

DHAKA: Bangladesh hopes to secure $1 billion in foreign direct investment (FDI) in 2007, despite missing targets last year, a senior official said yesterday.
The total volume of the FDI may be $700mn against the target of $1bn, Mohammed Nazrul Islam, executive chairman of the Board of Investment (BOI), said, referring to expected investment flows and the target for 2006.
Nazrul blamed the countrys political crisis for the poor investment inflow last year, but said reforms being put in place by the army-backed interim government had brightened prospects.

The investment board had also set FDI targets of $1.2bn for 2008, $1.4bn for 2009, and $1.6bn for 2010.
A target of $2.6bn was set for 2015, when Bangladesh aims to reduce poverty levels by 50 percent.
FDI grew 84% to $845.3mn in 2005, other officials of the board said, and totalled $460.4mn in 2004.

Foreign investors are now coming back to Bangladesh following improvements in the political situation, Nazrul said.
Investors such as United Arab Emirates-based Abu Dhabi Group, Singapore Telecommunications Ltd., Japans YKK Corp, Indias Tata Group, Asia Energy of the UK, are among those awaiting approval for investment projects, the BOI chief said.

The investment board will give priority to attracting FDI in textiles followed by electronics, telecommunications, frozen foods, natural gas-based industries, leather, ceramics and service sectors.
Previously, FDI proposals came from developed countries but were now also coming from developing countries.

Indias Tata Group has submitted a $3bn plan to build a slew of industrial projects in Bangladesh. The group suspended its proposal last July after the previous government halted talks until after national elections. Reuters

Global Coal Management PLC
23 April 2007

GLOBAL COAL MANAGEMENT PLC



ISSUE OF EQUITY


Global Coal Management plc ('the Company'), today announces that pursuant to an
exercise of existing options, it has issued and allotted 10,000 new Ordinary
Shares of 10p each, at a price of 75p.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
of 10p each in the Company and trading of these shares on AIM is expected to
commence on 27th April 2007.

The total number of Ordinary Shares in issue following this issue is 48,781,024.


23 April 2007

May 4th 2007

Long-term energy security needed

Speakers for diversification of sources

News Report
Speakers at a roundtable discussion stressed the need for diversifying the sources of energy, lessening dependence on gas, to ensure the long-term energy security.
They suggested immediate start of coal extraction from the mines in the northern region, going for further exploration of gas - both onshore and offshore - and getting prepared for atomic energy.
The Weekly Ekhon organised the discussion titled "Future sources of energy" at the National Press Club on Thursday.
Former PDB chairman Quamrul Islam Siddique, mine engineer and former Petrobangla director Moinul Ahsan, Bangladesh Atomic Energy Commission director Dr Yunus Akon, Dhaka University professors Dr SM Mahfuzur Rahman and Dr Niaz Ahmed Khan, BUET professor Md Tamim, Jahangirnagar University professor Dr Khalilur Rahman, Daily Manabjamin editor Matiur Rahman Chowdhury and Forum of Environment Journalist Bangladesh president Kamrul Islam Chowdhury were the key discussants.
Ekhon editor Ataus Samad, also the advisory editor of the Daily Amar Desh, presided over the session.
Almost all the discussants encouraged open-pit extraction of coal analysing the geological condition of Bangladesh with the view that it could be pursued at least under a pilot project.
They observed the underground mining might cause disasters like that of Barapukuria, where a British mining consultant died and another fell sick recently due to air poisoning inside the mine.
Quamrul Islam Siddique in his speech highlighted the constitutional weakness in solving the power crisis of the country. He lamented that energy related institutions are always run by non-experts in the country.
He also held corruption, especially done and indulged in by politicians, responsible for the present state of power. "Previous governments could not finalise many power projects due to corruption."
Dr Tamim said the country should opt for open-pit mining at Fulbaria at pilot-level. "But at the same time, issues related to environment and the people to be displaced should be looked into seriously. I think it would be no problem to carry on open-pit mining if the affected people are compensated adequately," he said.
He lamented that politicians do not say anything when housing projects like Uttara and Purbachal are developed displacing people, but they become vocal when people are displaced for a project like Fulbaria, which will greatly contribute to the economy.
Moinul Ahsan also advocated open-pit mining. He, however, expressed his doubt whether the country could ultimately benefit from the coal in the mines ending the debates of open-pit and underground mining.
Moinul held the government responsible for "creating problems concerning the Fulbari mine by mishandling the issue." "But the problems can be addressed through offering adequate compensation and political will is necessary for that."
He said the people in the Fulbari area should be convinced that they would get back their land after 15 years and could use it for agriculture.
Ataus Samad said it is high time for Bangladesh to settle the maritime boundary issue with India. Once the issue is settled Bangladesh can explore mineral resources lying offshore, he added.
Matiur Rahman Chowdhury proposed for a constitutional body, to be formed comprising experts in the sector.
"The body will be of such a character that a government will go from power after ending its tenure but the body would continue to exist."

http://www.newstoday-bd.com/frontpage.asp?newsdate=#5260

this does sound like they are making progress , A positive NEWS clip IMO from yesterday

also ...........

DHAKA (Reuters) - Bangladesh said on Friday it was considering atomic energy as an alternative source to meet the growing shortfall of electricity output in the country.

The power shortfall has soared to 1,500 megawatt (mw), as the state Power Development Board has said the country can produce at best 3,000 mw against demand of about 5,000 mw.

"We are thinking to use atomic energy as an alternative source to generate electricity," Tapan Chowdhury, adviser to the interim government and head of energy ministry told the conference of the Bangladesh Physical Society.

He gave no details.

The country's reserves of gas and coal, its source of energy, were fast depleting, Tapan said.

The gas and coal reserves will run out within decades if used at the present rate, officials said.

They said the shortfall in electricity output was due to mechanical troubles in most of the 60 decades-old power plants.

Bangladesh produces gas from 14 out of 23 discovered fields and has 14 tcf of proven and recoverable gas reserves based on current estimates. More than 3 tcf of gas has been extracted.

Bangladesh consumes around 1.6 billion cubic feet (bcf) gas per day.

(they will wan't that coal me thinks !!!!)

Exploration of new energy sources must
By BSS, Dhaka
Fri, 4 May 2007, 01:17:00

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Speakers at a roundtable here on Thursday underscored the need for exploration new sources of energy including offshore mining as the country's demand for power has been increasing rapidly.

A national committee should be formed to monitor the activities in energy sector and steps must be taken to reduce the use of natural gas by exploiting other resources including coal, they said.

The roundtable titled 'Future Source of Energy in Bangladesh' was organized by the weekly 'Ekhon' at the Jatiya Press Club here which was moderated by the editor of the weekly Ataus Samad.

President of Water Partnership Bangladesh Quamrul Islam Siddiqui, Chairman of petroleum institute of BUET Dr Mohammad Tamim, Chairman of Summit Group Mohammad Aziz Khan, Professor S M Mahfuzur Rahman of Dhaka University, former director of Petrobangla Moinul Ahsan, Dr Khalil Chowdhury of Jahangirnagar University, editor of the daily Manabjamin Motiur Rahman Chowdhury and chairman of the Forum of Environmental Journalists of Bangladesh Quamrul Islam Chowdhury spoke, among others.

Ataus Samad said the scope has been created to extract gas from the new gas fields in the Bay of Bengal.

Dr Tamim recommended five steps including extracting gas from the existing fields, improving efficiency of human resources and diversifying energy use for solving energy crisis.

Referring to the requirement of huge investment in the power and gas sector, Quamrul Islam Siddiqui said the private sector should be involved in the power sector like the country's readymade garments (RMG) sector by making congenial investment climate in the sector.

"In the Kaptai Hydro-Electric Plant, another 100 MW power could be generated without raising the height of the existing dam," he added.

Other speakers underlined the need for making facilities to use renewable energy including hydro-power, nuclear and solar power in the country.

It is necessary to keep the country's gas resources reserved for fertilizer production and household uses, they suggested.

Energy Ministry moves fast to formulate coal policy 8 May 2007 19:15 GMT
... Energy Ministry moves fast to formulate coal policy By ... the underground mining-is viable and appropriate for Bangladesh's coal sector. While such an initiative is ... and optimum utilisation of extracted coal for power generation.



http://energy.einnews.com/bangladesh/