Asia Energy - Coal and Power for Bangladesh

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renewable04 - Tue, 20 Dec 05 :

Ur so far out it's untrue Biswell. I doubt u'll thank me thou.

AEN plans to spend up to US$2m over the next year and a half to
bring the power station to a full bankable study. AEN will then float off
the company on an emerging markets exchange (and Bangladesh) to raise the
US$180M required. The balance will be debt. Hopefully we will end up with
20-30% free carried for putting the whole deal together. More
importantly...AEN will have an off take agreement for 1.5M tonnes of the
poorer quality coal and reliable power from the power station so that we
can ultimately reduce our operating costs. The size of the station is 500MW
stage 1 and another 500MW stage 2.


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