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Bhasha Dam contract awarded to Chinese consortium: Pervaiz
* Minister says power generation from Thar coal deposits to begin in five years
KARACHI: In a bid to overcome an energy shortfall of 3,500 to 4,000 megawatts, the government has given the contract for the construction of Bhasha-Diamer Dam to a Chinese consortium with the identified potential of the project close to 25,000 megawatts, said Federal Water and Power Minister Raja Pervaiz Ashraf on Monday.
Addressing the media after a seminar on Energy Trade in South Asia: Prospects and Challenges for Regional Integration, the minister said power generation from the Thar coal deposits would begin in the next five years.
Close to $30 billion in investments were needed by 2015 to meet the countrys energy needs, he said, adding that $10 billion of the sum would be provided by the pubic sector and $15 billion by the private sector. He claimed that SAARC countries were also keen to invest in Pakistans energy sector.
He said that a Turkish company was installing windmills in Sindh with a capacity of 1,000 megawatts. The government had also purchased 1,100 megawatts of electricity from Iran for Balochistan, he said, adding that there would be no load shedding in the country by the end of 2009. We are (also) supplying 600 to 700 megawatts to Karachi, he said. We will cut the power tariff in line with international oil prices. agencies
Daily Times - Leading News Resource of Pakistan
* Minister says power generation from Thar coal deposits to begin in five years
KARACHI: In a bid to overcome an energy shortfall of 3,500 to 4,000 megawatts, the government has given the contract for the construction of Bhasha-Diamer Dam to a Chinese consortium with the identified potential of the project close to 25,000 megawatts, said Federal Water and Power Minister Raja Pervaiz Ashraf on Monday.
Addressing the media after a seminar on Energy Trade in South Asia: Prospects and Challenges for Regional Integration, the minister said power generation from the Thar coal deposits would begin in the next five years.
Close to $30 billion in investments were needed by 2015 to meet the countrys energy needs, he said, adding that $10 billion of the sum would be provided by the pubic sector and $15 billion by the private sector. He claimed that SAARC countries were also keen to invest in Pakistans energy sector.
He said that a Turkish company was installing windmills in Sindh with a capacity of 1,000 megawatts. The government had also purchased 1,100 megawatts of electricity from Iran for Balochistan, he said, adding that there would be no load shedding in the country by the end of 2009. We are (also) supplying 600 to 700 megawatts to Karachi, he said. We will cut the power tariff in line with international oil prices. agencies
Daily Times - Leading News Resource of Pakistan