By Staff Reporter
THAR: Prime Minister Shehbaz Sharif on Monday said the inexpensive energy production from Thar Coal Mines Project would prove to be a game-changer of development for the entire country.
“The Thar Coal Project could help the government save up to $6 billion as the expenditure on the import of energy including petrol and liquid petroleum touched $24 billion,” PM Sharif said at the inauguration of commercial operations of Phase-II of Sindh Engro Coal Mining Company (SECMC) at Thar Coal Mines Block-II.
The prime minister inaugurated a 330 MW Power Plant of Thar Energy Limited (TEL) and also inspected the construction site of SECMC Mine Phase-II at Islamkot.
PM Sharif said not benefiting from the country’s indigenous coal reserves was a huge mistake and announced to convene a meeting of stakeholders on Thar Coal mines next week to discuss the formalities.
The federal government, in collaboration with the Sindh government, would chalk out a policy framework on the Thar Coal mines project, with an objective to connect it with other coal-powered power plants in the country, producing 4,000 megawatts.
The PM mentioned the international cost of coal had come down from $67 to $44 and had prospects of further reduction up to $ 30.
“The coal-powered plants would prove to be a feasible operation for electricity production at the rate of Rs 10 per unit.”
The prime minister said Thar Coal project would save the country’s foreign exchange and help thrive the national economy.
On March 2023, the Thar Coal Mines Project would be connected through a freight rail track for the transportation of coal to other parts of the country. (Content courtesy APP)
Copyright © 2021 Independent Pakistan | All rights reserved
