Revitalising economy through coal
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