Bangladesh coal imports have fallen 44% on the month to 262,560 MT in Jan’18, as per the vessel line-up data maintained by CoalMint research. The country had received 467,100 MT in Dec’17.
Despite the monthly decline, coal imports were 23% higher on the year compared with 212,700 MT in Jan’17.
Only 6- imported coal vessels were recorded during Jan’18 and all of them were procured from Indonesia. However, imports from Indonesian had fell 27% M-o-M from 362,100 MT in Dec’17
Bangladesh has been mainly receiving coal from Indonesia and South Africa. While, the country had sourced coal from Indonesia; no shipments were seen from South Africa during the month.
In a recent development, Bangladesh is planning to build a power plant in India through the Bangladesh-India Friendship Company (BIFCL).
According to the report by Dhaka Tribune, the country is looking forward to build a solar or coal-based power plant in India. The hindrance in land allotment in Bangladesh has been cited as the reason behind developing the power project in India.
The project would aid in catering power demand of Bangladesh, as the country would be importing power from India upon the completion of the project.
Previously, both these countries have joined hands to build Rampal Coal-power plant in Bangladesh, which is jointly being constructed by India’s-NTPC and Bangladesh Power Development Company.
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