Record $5b Chinese investment coming up.

[Homo Sapiens]

https://www.thedailystar.net/business/record-5b-chinese-investment-coming-1562155

12:00 AM, April 13, 2018 / LAST MODIFIED: 12:00 AM, April 13, 2018
Record $5b Chinese investment coming up

Chinese firm to set up coal-fired power plant, make bricks with its ashes
Jagaran Chakma


The Bangladesh Economic Zones Authority will sign a deal with a Chinese company in a month enabling it to invest $5 billion in the country.

If materialises, it will be the single largest foreign investment by a company in Bangladesh's history.

The investor, Zhejiang Jindun Pressure Vessel Co Ltd, will not only generate electricity by setting up a coal-fired power plant but also utilise the plant's ashes to make bricks by establishing a specialised factory.

“As we are satisfied with the details of the investment plan we are going to provide them 500 acres of land,” Paban Chowdhury, chairman of the Beza, told The Daily Star yesterday.

On signing the deal on the allocation of land at the Mirsarai Economic Zone in Chittagong, Zhejiang will pay Tk 315 crore to the Beza as the land rent for 50 years, he said. Bangladesh received a record $2.45 billion in FDI in 2016-17.

Zhejiang representatives visited the under-construction zone in October 2015 before applying to the Beza seeking 1,000 acres of land, paying Tk 6 crore in advance, said Beza officials.

The Chinese company had wanted to set up a 2,640-megawatt plant but the Power Division gave it permission initially to build a 1,320MW plant comprising two units with 660MW each.

Zhejiang has pledged to construct the plant within three years after striking the deal, according to Chowdhury.

Considering the power shortage in Bangladesh, the Beza has given priority to the Chinese company's plans, he said.

 

[Asimzranger]

 

[Tanveer666]

So, is the chinese company paying $5B out of its own pocket to build the power plant? So this means its under chinese control?

 

[UKBengali]

So, is the chinese company paying $5B out of its own pocket to build the power plant? So this means its under chinese control?

Yep, looks like it.
They make money by selling electricity and bricks to BD.

 

[UKBengali]

https://www.thedailystar.net/business/record-5b-chinese-investment-coming-1562155

12:00 AM, April 13, 2018 / LAST MODIFIED: 12:00 AM, April 13, 2018
Record $5b Chinese investment coming up

Chinese firm to set up coal-fired power plant, make bricks with its ashes
Jagaran Chakma


The Bangladesh Economic Zones Authority will sign a deal with a Chinese company in a month enabling it to invest $5 billion in the country.

If materialises, it will be the single largest foreign investment by a company in Bangladesh's history.

The investor, Zhejiang Jindun Pressure Vessel Co Ltd, will not only generate electricity by setting up a coal-fired power plant but also utilise the plant's ashes to make bricks by establishing a specialised factory.

“As we are satisfied with the details of the investment plan we are going to provide them 500 acres of land,” Paban Chowdhury, chairman of the Beza, told The Daily Star yesterday.

On signing the deal on the allocation of land at the Mirsarai Economic Zone in Chittagong, Zhejiang will pay Tk 315 crore to the Beza as the land rent for 50 years, he said. Bangladesh received a record $2.45 billion in FDI in 2016-17.

Zhejiang representatives visited the under-construction zone in October 2015 before applying to the Beza seeking 1,000 acres of land, paying Tk 6 crore in advance, said Beza officials.

The Chinese company had wanted to set up a 2,640-megawatt plant but the Power Division gave it permission initially to build a 1,320MW plant comprising two units with 660MW each.

Zhejiang has pledged to construct the plant within three years after striking the deal, according to Chowdhury.

Considering the power shortage in Bangladesh, the Beza has given priority to the Chinese company's plans, he said.

Since the Chinese company wanted to build a 2,640-megawatt plant initially, this can only mean it has massive confidence in the BD economy.

 

[Samlee]

Congrats

 

[Skull and Bones]

Congratulations

Since the Chinese company wanted to build a 2,640-megawatt plant initially, this can only mean it has massive confidence in the BD economy.

Or bangladesh has massive deficit in power generation. An average bangladeshi consumes less than half electricity of what an average Indian consumes.

https://data.worldbank.org/indicator/EG.USE.ELEC.KH.PC

 

[bête noire]

Or bangladesh has massive deficit in power generation. An average bangladeshi consumes less than half electricity of what an average Indian consumes.

https://data.worldbank.org/indicator/EG.USE.ELEC.KH.PC

Yeah and so is Sri Lanka. For sure your developed Indian people really use that much electricity. It's other factors like industries. Your average indian doesn't consume that much electricity unless you are saying your average Indian's electricity consumption is much higher than Sri Lankans.

 

[Nilgiri]

Yeah and so is Sri Lanka. For sure your developed Indian people really use that much electricity. It's other factors like industries. Your average indian doesn't consume that much electricity unless you are saying your average Indian's electricity consumption is much higher than Sri Lankans.

You just don't understand do you? Stop regurgitating what other BD members type all the time and try to actually look up the facts independently and neutrally to base an argument on.

All these countries (BD, SL, India) are very different in size, makeup and larger development models/trends.

Only two of them (IND + SL) can be reasonably compared in first place (given they rank equivalently around 50th percentile in world corruption and both SDDS level of stat dissemination, both accepting the ESCAP assessment too).

But putting that all aside for the moment, and lets run with your claim (recycled from the usual quarters you have latched onto) that its because of "India's industry" compared to BD and SL etc...that accounts for its much larger per capita electricity consumption.

There are two main issues with this:

a) Industrial/commercial (and other "non-domestic" use) also contribute massively to development of society, infact arguably more than bottom pyramid domestic consumption (because they are higher up the pyramid and thus prompt more multipliers in production/consumption....sort of like investment compared to consumption). The SL one (chart 2 following) speaks about this to some degree.

b) The larger trends in their % composition (even treating all standards the same) are roughly in line overall:

https://www.undp.org/content/dam/LE...DP-LECB-Assessment-Sri-Lanka-Power-Sector.pdf

http://www.cea.nic.in/reports/others/planning/pdm/growth_2017.pdf

https://www.researchgate.net/figure...ifferent-sectors-in-Bangladesh_fig2_234130893

i.e around 38 - 45% of demand for domestic for everyone. In India's case there is some splitting because of separation to agriculture in the category (maybe @gslv mk3 has another source that combines) so the number would be somewhere in the (24 + 18) range.

This means scaling the per capita to domestic household only:

https://data.worldbank.org/indicator/EG.USE.ELEC.KH.PC?locations=IN-LK-BD

Would roughly be for 2014:

322 kwH per capita (India) - higher than BD total use per capita

214 kwH per capita (SL)

124 kwH per capita (BD)

BD per capita use today is 22 years behind India and 12 years behind SL. Domestic use only given the rough equivalent splits would be about same time frame.

With this sheer level of lag, you cannot use anywhere near the same argument used to make SL case with India (i.e higher socio-economic development with somewhat lower electricity consumption per capita)....and especially not till you come to the same standard (SDDS) and corruption and credibility indices.

So @Skull and Bones is spot on with his assertion. Focus on getting to some actual credible base first before you try to interpose the "but but but look at SL" argument.

@Gibbs @Godman @bluesky @Joe Shearer @Major Sam

 

[bluesky]

Yeah and so is Sri Lanka. For sure your developed Indian people really use that much electricity. It's other factors like industries. Your average indian doesn't consume that much electricity unless you are saying your average Indian's electricity consumption is much higher than Sri Lankans.

The Indians are a non-protein fed group of people, who would work less, produce less, earn less and spend less. Electricity can also be seen similarly as it is a consumer product. They consume less electricity and sell the surplus to BD, whose people work very hard, produce more, earn good money and spend more.

 

[Nilgiri]

The Indians are a non-protein fed group of people, who would work less, produce less, earn less and spend less. Electricity can also be seen similarly as it is a consumer product. They consume less electricity and sell the surplus to BD, whose people work very hard, produce more, earn good money and spend more.

http://foodsecurityindex.eiu.com/Country

Bluesky:

(Right after the post above him conclusively illustrating literally the opposite )

 

[SBUS-CXK]

This is Jindun company （Jindun-金盾，chinese meaning - the golden shield）.
I look at its homepage. Its main businesses —— rail transit, wind power equipment, nuclear industry, ship equipment, metallurgy and mineral exploitation.

http://www.jindunfan.com/

Then I further search and find it is a legitimate private arms company.

http://finance.sina.com.cn/roll/2016-10-31/doc-ifxxfysn8275793.shtml

Jindun provides precision optical components and infrared thermal imagers for PLA.

It's a good partner. Congratulations to Bangladesh.