Re­vi­tal­is­ing econ­omy through coal

Enterprise - - News -

The Sindh Gov­ern­ment and a Turk­ish firm, Co­lakoglu In­vest­ment have en­tered into an agree­ment to gen­er­ate elec­tric­ity from Thar coal. The Turk­ish firm will pro­duce 600 megawatts in the first phase through an in­vest­ment of $ 1 bil­lion.

The MoU doc­u­ments were signed by Thar Coal and En­ergy Depart­ment Di­rec­tor Gen­eral Ab­dul Ma­jeed Pathan and Hay­der N. Co­lakoglu of the Turk­ish com­pany. Co­lakoglu In­vest­ment op­er­ates liq­ue­fied nat­u­ral gas ( LNG) ter­mi­nals, has a 200 megawatts coal­fired power plant, a 400 megawatts gas-fired power plant and gold, cop­per and chro­mate mines, as well as ven­tures in bank­ing.

Ac­cord­ing to Sindh Chief Min­is­ter, Syed Qaim Ali Shah, the pro­vin­cial gov­ern­ment is fully com­mit­ted to over­com­ing the power deficit in the prov­ince. Eight blocks of the Thar coal­field have al­ready been al­lot­ted to dif­fer­ent com­pa­nies and fea­si­bil­ity stud­ies are be­ing car­ried out on two blocks. The pro­vin­cial gov­ern­ment aims to pro­duce thou­sands of megawatts from the coal re­serves in Thar. The Chief Min­is­ter re­gards these ini­tia­tives as a key to re­vi­tal­is­ing the econ­omy of the coun­try in gen­eral, and Sindh in par­tic­u­lar

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.