ISLAMABAD: Chairman Thar-Coal Project, Dr Samar Mubarak Mand said that sufficient caol reserves and natural resources are available in Pakistan to generate cheap electricity and gas for meeting growing demand of the consumers of this region.
Talking to a private news channel, he said that there is serious need to focus on exploiting the natural resources for producing cheap electricity and gas.
Dr Samar said that Thar coal project will become operational in December 2013 and the project would bring prosperity in the country.
"Pakistan has enough coal reserves that can provide electricity to the country for more than 500 years," he said.
Dr Mubarakmand said that the success of the Thar coal project would lead to investment from the leading international companies.
He said that several foreign companies wanted to participate in the project and had shown interest.
With the completion of this project, the nation would get cheap and sufficient power supply to resolving the current pestering energy crisis, he added.
He said the new growth strategy of the country is being emphasised on power generation through coal.
He said that Pakistan holds a big amount of coal which is more than the Middle East petroleum resources.
Replying to a question he said that many countries including Australia and China multi-national companies are taking keen interest in the energy sector of Pakistan.
He said, "We will give an advertisement for inviting the local and international companies to invest in the energy sector."
Replying to another question Dr Samar Mubarak said "We have sufficient coal reserves in the country which can be utilized to produce electricity and gas, for 700 to 800 hundred years."
Dr. Samar said it is for the first time in Pakistan that the coal gasification has launched on commercial basis and abundant and cheap electricity would be available if it gets through.
He said the coal gasification was already producing 50000 MW around the world, as the cost of electricity per unit is relatively low.
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