coldry is a black coal superior, page-74

summary where are we at.
Very close to SPV funds being deposited and Tincom proceeding .. final hurdle is the debatable liberal government approval regarding coldry plant being built.

Does Tincom need the approval of state government or simply the go ahead by LYP as coal is available that is OWNED by LYP TO COMMENCE the construction of the 2 million ton plant.

Vietnam need energy security it is widely reported in the news and government policy.
What is not highlighted is AFFORDABILITY and this is where COLDRY represents not only a solution for cleaner energy source but an opportunity to develop the massive lignite resource that is available in Vietnam./ Indonesia.


http://analysis.nuclearenergyinsider.com/industry-insight/vietnam%E2%80%99s-prime-minister-backs-robust-construction-programme

However, as a one-party state, this is just a matter of rubber stamping rather than being a subject of long, drawn out debate.

Prime Minister Nguyen Tan Dung has already declared his support for the programme.

"It is usually the case in Vietnam that if the National Assembly, entirely controlled by the ruling Communist Party of Vietnam, makes an announcement then the decision to go ahead has already been taken internally.

The same situation has occurred for TINCOM , THEY NOW HAVE TO GET IT RIGHT before proceeding not just for Victoria.
AS coldry is affordable and exportable.

http://vietnambusiness.asia/power-struggle-for-vietnam/

In this context, sourcing power from oil or gas-fuelled power plants appears to be unfeasible due to high costs. In 2010, to balance power supply in the dry season EVN must use 1.8 billion kWh of power provided by oil-fuelled plants and incur losses of over VND5 trillion ($250 million

BBJ talk to the chairman about mamagement buying shares his view has been expressed at ALL AGMs
TINCOM is the issue in getting ECT moving.