Sat, Oct22, 2011
KARACHI, Oct 22: International Coal Conference 2011 was told on Saturday that Thar
region of Sindh province is endowed with mammoth coal (lignite) reserves estimated to be 175 billion tonnes which can produce 100,000MW of electricity for next 300 years and can be a key to energy security and economic prosperity.
Addressing the Conference, organized by Coal & Energy Development Department in collaboration with Sindh Board of Investment, Federal Minister for Water & Power Syed Naveed Qamar said the government is focusing attention to shift power generating system from furnace oil and other sources to coal. "We are optimist that power generation from Thar Coal reserves would begin shortly."
He said Federal Government realizing the gravity of crisis has extended all out support to the Sindh government in matters related to the development of coal sector. The formation of Thar Coal & Energy Board shows Federal government's commitment to develop Thar coal for power generation and other uses.
Minister said the government has approved an attractive incentive package to facilitate investment for the development of this vital resource. The development of infrastructure has also been given immense importance. Infrastructure projects are being executed on a fast-track basis, he added.
About outage and load shedding in the country‚ Naveed Qamar said that the Federal Government is taking all possible and effective steps in order to control it.
The conference being attended by speakers and participants from several countries was told that major achievements of Thar Coal & Energy Board include approval of joint venture project between Sindh government and Engro Group, based on first every International Competitive Bidding ICB, development of fiscal incentives for indigenous coal based projects, which were subsequently approved by ECC, approval of coal pricing mechanism, development of coal royalty model and allocation of blocks as a result of second ICB conducted by provincial government. PPI
sourced The News
KARACHI, Oct 22: International Coal Conference 2011 was told on Saturday that Thar
region of Sindh province is endowed with mammoth coal (lignite) reserves estimated to be 175 billion tonnes which can produce 100,000MW of electricity for next 300 years and can be a key to energy security and economic prosperity.
Addressing the Conference, organized by Coal & Energy Development Department in collaboration with Sindh Board of Investment, Federal Minister for Water & Power Syed Naveed Qamar said the government is focusing attention to shift power generating system from furnace oil and other sources to coal. "We are optimist that power generation from Thar Coal reserves would begin shortly."
He said Federal Government realizing the gravity of crisis has extended all out support to the Sindh government in matters related to the development of coal sector. The formation of Thar Coal & Energy Board shows Federal government's commitment to develop Thar coal for power generation and other uses.
Minister said the government has approved an attractive incentive package to facilitate investment for the development of this vital resource. The development of infrastructure has also been given immense importance. Infrastructure projects are being executed on a fast-track basis, he added.
About outage and load shedding in the country‚ Naveed Qamar said that the Federal Government is taking all possible and effective steps in order to control it.
The conference being attended by speakers and participants from several countries was told that major achievements of Thar Coal & Energy Board include approval of joint venture project between Sindh government and Engro Group, based on first every International Competitive Bidding ICB, development of fiscal incentives for indigenous coal based projects, which were subsequently approved by ECC, approval of coal pricing mechanism, development of coal royalty model and allocation of blocks as a result of second ICB conducted by provincial government. PPI
sourced The News
Posts
No comments:
Post a Comment