Chinese investors call on Sindh energy minister

Author: APP

Sindh Minister for Energy, Development and Planning Syed Nasir Hussain Shah met a delegation of Chinese investors at his office on Tuesday

A detailed discussion was held regarding matters of mutual interest, investment and transfer of technology.

Provincial Minister, while giving a detailed briefing to the Chinese delegation regarding investment in the energy sector, said that there are attractive opportunities for foreign and domestic investors in the energy sector. Profitable investments can be made in the Thar Coal Field and alternative energy sector, for which the Sindh government will provide all possible cooperation, assistance in documentation and all facilities regarding land.

Nasir Shah briefing the Chinese delegation about the Thar Coal Field, it was informed that there are 185 billion tons of coal reserves in Sindh province. The Thar Coal Field is located at a distance of 395 kilometers from Karachi, covering an area of 9100 kilometers. 175 billion tons of reserves are present in this field.

The meeting was further informed that there are 12 blocks in the Thar Coal Field that are under development, with an area of 1235 square kilometers, each block has 2 to 5 tons of coal reserves. Each block has the capacity to generate 4 to 5 thousand megawatts of electricity for 30 years, a communique said.

Minister Nasir Shah said on this occasion that there are strong ties between the Chinese and Pakistani governments and people.

Share
Leave a Comment

Recent Posts

  • Business

Defiant Trump dismisses stock market’s tariff plunge

President Donald Trump goaded China on Friday after the United States' chief economic rival retaliated…

3 hours ago
  • Business

Pakistan sees economic stability under current govt: Danyal Chaudhry

Parliamentary Secretary for Information and Broadcasting, Barrister Danyal Chaudhry, on Saturday highlighted the country’s progress…

3 hours ago
  • Business

Gold prices decrease by Rs.5,500 to Rs320,000 per tola

The price of 24 karat per tola gold decreased by Rs.5,500 and was traded at…

3 hours ago
  • Business

US starts collecting Trump’s new 10% tariff, smashing global trade norms

U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from…

3 hours ago
  • Business

China says ‘market has spoken’ after US tariffs spark selloff

China said on Saturday “the market has spoken” in rejecting U.S. President Donald Trump’s tariffs,…

3 hours ago
  • Business

Nissan considers transferring some domestic production to US, Nikkei says

Nissan Motor is considering shifting some domestic production of U.S.-bound vehicles to the U.S., the…

3 hours ago