Don Jaguar
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Where did you got this estimate???
Pakistan is richest country in World
- Thread starter waraich66
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Where did you got this estimate???
Omar1984
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Don Jaguar
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Muhammad Yahya said 8 trillion but it is 8 billion!!!
Omar1984
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Jealous Indians now using old outdated blogs to spread their lies.
Here is recent news from a realibale well-known Pakistan NEWS source.
KARACHI: The first test burn at the underground coal gasification project in Tharparkar is expected to be conducted in September while two foreign companies, one each from China and Australia, have expressed interest in Thar coal deposits to produce 2,000 megawatts of electricity.
Project chairman Dr Samar Mubarakmand informed the 13th meeting of the Thar Coal and Energy Board on Saturday that 100MW would be generated through block-V of the underground coal gasification process.
Dr Mubarakmand told the meeting, presided over by Sindh Chief Minister Qaim Ali Shah, that the first gasifier and civil works had been completed with the availability of $9.22 million for the project. The supply of compressors by Hitachi has been delayed because of earthquake and tsunami in Japan. The completion of the gasifier involved over 36,000 feet of drilling and 18,000 feet of steel-casing.
The gas to be produced through the first burn will be connected to power turbines and generation of the planned 100MW electricity will start by Dec 2013.
Zubair Motiwala, chairman of the Sindh Board of Investment, briefed the meeting about the international competitive bidding process. He said that block-I had been allocated to the Chinese company, Global Mining (CMG), which planned to develop five million tons of coalfield annually to produce 900MW and the generation would be gradually increased to 2,100MW.
The company is also willing to invest $1.5 billion in key infrastructure projects and the CMG chairman is expected to sign a memorandum of understanding with the provincial government on Aug 26.
The meeting was informed that Australian Continental Energy had submitted a proposal for mining six million tons of coal annually and increasing it to 18 million tons. The company intends to generate 1,100MW in five years, 2,000MW in 10 years and 3,000MW in 15 years.
The evaluation committee suggested that the Australian company might be offered block-IV on the condition that it would provide within two months a credible financing plan to the Sindh government. Khalid Mansoor, the CEO of Sindh Engro Coal Mining Company, told the meeting that substantial progress had been made for obtaining Chinese financing.
Asad Umar of Engro called for early finalisation of infrastructure projects to enable the company to reach financial close on its part of the project.
Irshad Arain of the NTDC informed the meeting that his organisation was working for dispersal of 1,200MW from Thar to upcountry by constructing 500kv transmission lines from the power plant to Matiari, along with the extension of Matiari gird station, by June 2014. The Rs20 billion project is being financed by the China Development Bank.
The chief minister said the provincial government was giving top priority to the issues about provision of infrastructure like water, roads, transmission network and effluent channel for Thar coalfields.
Federal Minister for Water and Power Syed Naveed Qamar assured the meeting that the government would provide support to all Thar-related projects.
Test burn at Thar coal gasification project next month | Newspaper | DAWN.COM
Omar1984
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$25 trillion Thar coal reserves can save Pakistan
Islamabad Pakistan Economy Watch (PEW) has said that the coal deposits in Thar can change the fate of Pakistan if utilized in a proper way. It can save oil import bill, reduce unemployment and help strengthen economy, rupee and forex stocks.
In a statement issued here Monday, Dr. Murtaza Mughal, President of Pakistan Economy Watch said that 185 billion tones of coal worth 25 trillion dollars can not only cater for electricity requirements of whole country for next 100 years but also save almost four billion dollars in staggering oil import bill.
`The project which is in limbo since a decade can help thousands of households by providing employment and help save oil import bill by $4-4.50 billion and help forex reserves to swell. It will also stabilize sliding rupee,` he said.
He said the coal power generation will cost Pakistan 5.67 rupees per unit while power generated by Independent Power Projects cost Rs 9.27.
Dr. Murtaza Mughal said that the German, Chinese and other companies have not only carried out surveys and fusibilities of this project but also offered 100 percent investment in last 7-8 years but the petroleum barons always discouraged them in a very systematic way.
He demanded a probe into the matter as some elements deprived people of Pakistan from cheap source of energy for too long in their own interest.
He said that petroleum lobby is very strong in Pakistan and they are against any other means of power generation except for imported oil.
This lobby is major beneficiary of the increasing oil bill that is estimated above 15 billion dollar this year.
This project has already become bone of contention between center and province of Sindh and uncertainty looms, he said adding that the repeated statements of Chief of MQM Altaf Hussain regarding arrival of Taliban in Karachi can pose a serious threat to this project.
Earlier the baseless statements about hold of Taliban on marble mines resulted in cancellation of export orders jeopardizing business of some 374 mines. The Government is yet to counter this propaganda.
A recent study says that the coal deposits are equal to the oil reserves of Saudi Arabia and Iran (400 trillion barrels) and it can provide energy to the whole country for 2000 years. If the estimates are correct, it is nothing but a great good luck for Pakistan.
There is a need to utilize this gift of God for the welfare of masses and not that of others, said Dr. Murtaza Mughal.
$25 trillion Thar coal reserves can save Pakistan | Business | DAWN.COM
Yeti
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Jealous of what? a bankrupt country who needs IMF & US aid to keep it defaulting? come out of the clouds and into the real world for a sec
Yeti
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Pak-China energy cooperation - Power Engineering
Power Engineering Magazine - 1 day ago
India is generating 75 percent of its electricity by using coal while Pakistan is generating 0.3 percent electricity from coal
potential does not make you the richest country in the world
Power Engineering Magazine - 1 day ago
India is generating 75 percent of its electricity by using coal while Pakistan is generating 0.3 percent electricity from coal
potential does not make you the richest country in the world
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