trending Market Intelligence /marketintelligence/en/news-insights/trending/c4brcishtoznfzrstbqsog2 content esgSubNav
In This List

GCM signs initial engineering deal for Bangladesh coal/power project

Blog

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

The Future of Risk Management Digitization in Credit Risk Management


GCM signs initial engineering deal for Bangladesh coal/power project

GCM Resources Plc signed a contract framework agreement with China Gezhouba Group International Engineering Co. Ltd., its partner in the development of a proposed 2,000-MW minemouth coal-fired power plant at the Phulbari project in Bangladesh.

The agreement grants China Gezhouba an exclusive right for the engineering, procurement, construction and commissioning of the facility for an initial estimated cost of US$3.8 billion, according to a March 21 release.

The parties will now work toward finalizing the engineering, procurement and construction contract.

GCM's shares were down over 27% at market close March 22.