Chinese firm to invest in Thar coal

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A Chinese company, Kingho Group, has declared its intent to invest in the Thar coal power project. An official statement indicated that a 14-member delegation of the company called on Sindh Chief Minister, Syed Qaim Ali Shah. Shah said on the occasion that there cordial relations exist between Pakistan and China, and that these relations will be cemented further with the passage of time.
He went on to say that President Asif Ali Zardari has conducted several visits to China and has undertaken efforts to boost investment in various sectors. The chief minister assured the Chinese company that the Sindh Government would provide all required facilities and that full security to the Chinese company He said that he was very happy that there would be signing of an agreement between Government of Sindh and Kingho Company will be a milestone in the development process. The chief minister welcomed the Chinese delegation and assured that all possible facilities would be extended.
The leader of the Chinese delegation, Zou Yi, in his briefing, informed the chief minister that Kingho group being a major private group employs 64,000 and possess 22 billion tonnes of reserves of coal and 800 million tonnes of iron ore. He stressed that his company has collected necessary data and figures, while meetings have been held with concerned authorities. Adviser to Prime Minister, Kamal Majeedullah, expressed his hope that both countries will extend cooperation in the fields of mining and power generation. The meeting was informed that the evaluation committee has already cleared the scheme and a formal MOU is being prepared jointly by government of Sindh and Kingho.
It was also informed that the meeting of Thar Coal and Energy Board will be held on May 11 in which draft agreement for MOU will be finalised.
The meeting was attended among others by Advisor to CM for Investment, Zubair Motiwala, Secretary Mines and Mineral Aijaz Ali Khan, Secretary to CM Alamuddin Bullo, Director General Thar Coal and Energy Board Abdul Majeed Pathan and other prominent figures.

2 COMMENTS

  1. Above article is very encouraging in terms of some development in power sector to eliminate the power crisis in PAKISTAN for both domestic and commercial consumers, this project may bring economical revolution in history of PAKISTAN, but I would say that there is still no expected progress in terms of materializing the opportunity. No concrete information is available at all.

    By

    Nasir Rafique

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