Bangladesh Coal Imports have gone up remarkably following dismal performance in the opening 7 months of FY 17.
Coal imports in the month of Feb’17 have increased by 72% to 506,800 MT compared to 293,850 MT in Feb’16. Coal imports have also risen by 294,100 MT from 212,700 MT in Jan’17.
During Jul’16-Feb’17 coal imports stood at 1,748,250 MT lower by 32% compared with coal imports during the same period of the previous fiscal year.
Source: SteelMint Research
Provisional Data
Coal Production in Bangladesh:
The growing power sector of Bangladesh has led to increased consumption of coal and has sent demand for the material soaring in the country.
Coal is commercially produced in Bangladesh only in a single mine, Barapukuria Underground Coal Mine in the Dinajpur district.Barapukuria Coal Mining Company Ltd(BCMCL), the operating company in the mine, increased production by 51% Y-o-Y to 1,021,638 MT during 2015-16 to meet the growing demand.
However, in order to aid government’s efforts to develop the power infrastructure in the country by setting up new power plants, besides restoring old ones, the country is dependent on importing coal to satisfy its needs.
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