Benefits of Phulbari Coal Project
Phulbari Coal Project is a landmark project for the country. It will bring significant benefits to national and regional economy. In addition to revenues from tax, royalty and service charges, the Project will create new jobs and opportunity for development of new industries and businesses and will provide much needed coal for domestic and industrial uses including for power generation. It will also significantly enhance rail and port infrastructure in western Bangladesh and help transform the region’s economy, which is predominantly subsistence agriculture.
Meeting Country’s energy and power demand
Reliable alternative energy source for cost effective power generation
Support a power generating capacity of up to 6,600MW
Diversification of energy uses creating a sustainable power generation mix i.e. coal, gas, oil, renewable
Coal for domestic and industrial uses including for briquette making
Asia Energy’s proposed 1,000MW coal-based power plant will increase the benefit of the project
Huge Economic Impact
No financial risk, zero investment. There is no provision of cost recovery by the Project proponent like Oil-gas sector projects
About 1.0% contribution to annual GDP growth
About US$ 15 billion net earnings for the government in the form of taxes, royalties, service charges etc over the Project life
Positive impact on balance of payment
Poverty alleviation and sustainable development
Local and regionl benefits
Up to 20,000+ new jobs (direct and indirect)
New industries for mine support and from co-products with additional opportunity of employment
New planned township and villages with better amenities
Improved and reliable water supply for irrigation, domestic and industrial uses
Improved communication infrastructure, and education and health services