A Seven-member delegation of M/s China Kingho Group headed by Executive Vice President Ma Xiaomin, visited Board of Investment (BoI) to explore investment opportunities in Pakistan in coal sector and development of Thar and Badin coal field.
During discussion Minister of State/Chairman Board of Investment Saleem H. Mandviwalla stressed that for sustained economic growth, Pakistan needs to develop its indigenous energy resources. Proposed investment in development of Thar coalmines will benefit strategic energy resource, import substitution of expensive raw furnace oil (RFO), lower power tariff for coal-fired power plants, and improve socio economic development in Thar region. It will also lead to job creation and transfer of technology.
Director Mineral and Natural resources, Azhar Khan said that Thar coal field in Sindh is spread over more than 9000 sq km and is bestowed with 175 billion tons of lignite coal, which can fuel power generation of over 100,000 MW for more than two centuries.-PR