In­ter­na­tional Coal Con­fer­ence 2011

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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

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