SCCI hails KESC for setting up coal-based project

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People belonging to various walks of life including business community of Sialkot have hailed the decision of Karachi Electric Supply Company (KESC) to invest handsome amount for establishing coal-based power plants and it a right step in right direction.

They said the proposed project would certainly help in generating sufficient electricity to fulfil the growing demands of power.

Talking to media on Friday President Sialkot Chamber of Commerce and Industry (SCCI) Sheikh Abdul Majid appreciated KESC decision to invest US500 million dollar for setting up of coal-based power plants during its next five years plan. He was of the opinion that it will improve issues related to electricity transmission and distribution system in Karachi adding that there are around 200 to 350 million tons of lignite per sq-km and according to the standard conversion rates, the Thar Lignite Coal resources are equivalent to around 50 billion tons of oil, which is more than the combined oil resources of Saudi Arabia and Iran.

In terms of gas reserves, these are around 68 times the present resources of natural gas in Pakistan he added. In presence of such abundant resources he urged upon Water and Power Ministry to initiate such projects not just in Karachi but also in other major industrial zones of Pakistan, especially export oriented city of Sialkot earning around 1.4 billion dollar for the national exchequer, he said. The SCCI President informed that Sialkot need around 125MW to meet its industrial and consumer requirements and to fulfil it such coal based power plants will come in handy.

Courtesy: Business Recorder

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