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Bangladesh Coal Imports Surge On Rising Demand - EIN Presswire

Bangladesh relies heavily on coal imports to meet its rising energy demands, as domestic coal production is insufficient. Coal imports to Bangladesh rose 70% in fiscal year 2018-2019 to 5.754 million tons. The country plans to review building additional coal-fired power plants and may reduce its dependence on coal due to rising costs and slower-than-expected growth in power demand. The JHM Group is Bangladesh's second largest coal importer and aims to reliably supply quality coal at competitive prices while complying with environmental standards.

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167 views3 pages

Bangladesh Coal Imports Surge On Rising Demand - EIN Presswire

Bangladesh relies heavily on coal imports to meet its rising energy demands, as domestic coal production is insufficient. Coal imports to Bangladesh rose 70% in fiscal year 2018-2019 to 5.754 million tons. The country plans to review building additional coal-fired power plants and may reduce its dependence on coal due to rising costs and slower-than-expected growth in power demand. The JHM Group is Bangladesh's second largest coal importer and aims to reliably supply quality coal at competitive prices while complying with environmental standards.

Uploaded by

Atiqur Rahman Barbhuiya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Bangladesh Coal Imports Surge on

Rising demand
Bangladesh still has to rely heavily on
importing coal from countries like
Indonesia, South Africa & India.

Board of Director JHM Group - Mr. Jhangir Alam

Board of Director JHM Group - Mr. Humayan


Kabir
Chairman JHM Group - Md. Mehedi Hasan
Honesty is our priority”

— Chairman JHM Group - Md. Mehedi Hasan

DUBAI , DUBAI, UNITED ARAB EMIRATES , November 2, 2020


/EINPresswire.com/ -- In order to meet high energy demands, Bangladesh
still has to rely on importing coal from countries like Indonesia, South
Africa & India. The Daily Star recently reported that coal imports rose 70
percent YoY to 5.754 million tons in fiscal year 2018-19.

Bangladesh also plans to review the number of coal-based power plants it


hopes to build, with an eye to reducing its dependence on coal as costs
for the fuel rise and power demand grows more slowly than expected, a
government official said. About 3 per cent of the country's power
currently comes from coal but plans to build 29 new coal-fired power
plants in the next two decades would boost that to 35 per cent.

Officials now say they may rethink their strategy as the country prepares
its next energy plan later this year. Director JHM Group (2nd largest
importer of coal in Bangladesh) Mr. Jhangir Alam says “We have been
following the government strategy for energy plan closely to meet the
energy demands in Bangladesh. We at JHM Group are committed to
contribute in providing safe and quality energy source to the country”

In 2019 alone, Bangladesh has imported 7million tons in private sector of


total coal import in the country. JHM International Ltd (a group company
of JHM group) has imported 1 million metric ton as the 2nd largest coal
importer in the country contributing 15% of the total Bangladeshi coal
import requirement from private sector.
Md. Mehedi Hasan Chairman JHM Group says “We are determined to
provide highest quality of coal in competitive price to meet the market
demand and we strive to comply with environmental control initiatives
through procuring the coal from only the lowest emission sources” JHM
Group has annual turnover of USD 120 million in 2019-20.

Bangladesh also has one of the largest coal power pipelines in the world,
a total of 29 power plants amounting to 33.2GW of capacity, according to
a 2019 study by an Australian organization that tracks fossil fuel
investment. The average value for Bangladesh during that period was
810.05 thousand short tons with a minimum of 17.97 thousand short tons
in 1983 and a maximum of 3097.48 thousand short tons in 2017. The
latest value from 2017 is 3097.48 thousand short tons. For comparison,
the world average in 2017 based on 192 countries is 8030.13 thousand
short tons. See the global rankings for that indicator or use the country
comparator to compare trends over time.

Speaking about JHM Group, Mr. Humayun Kabir says “Honesty is JHM
Groupʼs top priority. JHM Group is expanding exponentially to support the
country by fulfilling its coal requirement & become the #1 importer of coal
in Bangladesh”. JHM Group is the only exporter of coal in West Bengal
India with offices in Bangladesh, India and Dubai.

For more information, please visit https://jhmgroup.in

Mehedi Hasan
JHM Group of Companies
email us here
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JHM Group - Corporate Video

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