International Coal Conference 2011
The International Coal Conference 2011 was organized by the Coal and Energy Department of Sindh and Sindh Board of Investment in Karachi. The conference was aimed at the gradual reduction in dependence on imported oil by the government for power generation to save over $3 billion and to eliminate the menace of circular debt. Prime Minister Yousuf Raza Gilani said on the occasion, “We have to create a balanced energy mix by gradually increasing coal-based power generation, bringing it at par with the world average of 40 percent coal-based power generation.”
Gilani said the government’s prime objective is to attract local and foreign investment in mining, power generation and infrastructure development in the Thar coalfield. “We offer enabling environment, guaranteed rate of return, unprecedented incentives and commit robust infrastructure to investors working in this vital sector that will usher a new era of economic sustainability and development”, he said.
He expressed confidence that the government of Sindh would be able to develop the Thar coal reserves in a strategic and systematic manner that would ensure the country’s national energy security and long-term use of indigenous coal for electricity generation and industrial use.
He reassured the commitment of the government to all stakeholders in the value chain of coal mining, power generation and developers for the successful development of Thar coal projects.
Further, the representatives from international investment firms and coal mining companies made presentations in the conference and termed Thar coal ‘good for production of electricity’.
Zubair Motiwala, Chairman Sindh Board of Investment, briefed the forum about the investment potential of Thar coal and said many international companies from China, South Korea, Germany, Czech Republic, Australia, UK and Turkey have shown their interest in investment in coal mining and power generation in Thar coal and also in the infrastructure projects. He also informed that the Government of Sindh is conducting 3rd International Competitive Bidding for blocks VIII, IX and X of Thar Coalfield and also blocks in Sonda and Badin for attracting international companies for coal mining and power generation projects in Sindh.
International and national coal sector specialists, potential investors, existing project developers, representatives of development financial institutions, diplomatic corps and other stakeholders attended the Conference