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27 Jan 2009

GCM Resources

[PDF] [Response to reports on environmental & resettlement impacts of Phulbari Coal]

The Bank Information Center (BIC)...has co-authored one report and commissioned another on Asia Energy Corporation (Bangladesh) Pty Ltd’s...proposed coal mine in northwest Bangladesh... To get a balanced view of the Project, it is important to understand the context in which it will be developed. Power availability is a barrier to the development of Bangladesh... The Project will make a significant contribution to the country’s energy security... At a local level, the project will result in the construction of the first planned town in Bangladesh bringing improvements in power, water supply and sanitation to its inhabitants and agricultural productivity will improve through improved water availability and farming techniques. GCM is committed to improving the living conditions and restoring the livelihoods of people affected by the project.