Thar coal reserves
Posted On Monday, August 17, 2009 at at 10:02 AM by Owner
Few days ago, I got a sms message from one of my friend about coal reserves in Pakistan, while I was reading this text I was just recalling where else i read about this, i started searching in my email archive but to no avail. Today I got an email that contain this article, so iI am putting here for you...
"If All The Oil Reserves of Saudia Arabia & Iran Are Put Together These will be Approximately 375 Billion Barrels, But A Single Thar Coal Reserve Of Sindh is about 850 Trillion Cubic Feet, Which is More Than Oil Reserves Of Saudia & Iran.
These reserves estimated at 850 trillion cubic feet (TCF) of gas, about 30 times higher than Pakistan's proven gas reserves of 28 TCF.
Dr Murtaza Mughal president of Pakistan Economy Watch in a statement said that these reserves of coal worth USD 25 trillion not only cater the electricity requirements of the country for next 100 years but also save almost four billion dollars in staggering oil import bill.
Just 2% usage of Thar Coal Can Produce 20,000 Mega Watts of Electricity for next 40 Years, without any single Second of Load Shedding. If the whole reserves are utilized, then it could easily be imagined how much energy could be generated.
The coal power generation would cost Pakistan PKR 5.67 per unit while power generated by Independent Power Projects presently cost PKR 9.27.
It Requires Just 420 Billion Rupees Initial Investment, Whereas Pakistan Receives annually 1220 Billion from Tax Only.
Chinese and other companies had not only carried out surveys and feasibilities of this project but also offered 100 percent investment in last 7 to 8 years but the “Petroleum Gang” always discouraged them in a very systematic way.
This Petroleum lobby, is very strong in Pakistan and they are against any other means of power generation except for the imported oil. This lobby is major beneficiary of the increasing oil bill that is estimated above 15 billion dollar this year. Even GOVT is planning to Sell all these reserve to a company on a very low price.
When Pervez Musharraf was president he gave green signal to embark upon the initiation of work on exploiting energy potential of these coal reserves of Thar under a modern strategy."
"If All The Oil Reserves of Saudia Arabia & Iran Are Put Together These will be Approximately 375 Billion Barrels, But A Single Thar Coal Reserve Of Sindh is about 850 Trillion Cubic Feet, Which is More Than Oil Reserves Of Saudia & Iran.
These reserves estimated at 850 trillion cubic feet (TCF) of gas, about 30 times higher than Pakistan's proven gas reserves of 28 TCF.
Dr Murtaza Mughal president of Pakistan Economy Watch in a statement said that these reserves of coal worth USD 25 trillion not only cater the electricity requirements of the country for next 100 years but also save almost four billion dollars in staggering oil import bill.
Just 2% usage of Thar Coal Can Produce 20,000 Mega Watts of Electricity for next 40 Years, without any single Second of Load Shedding. If the whole reserves are utilized, then it could easily be imagined how much energy could be generated.
The coal power generation would cost Pakistan PKR 5.67 per unit while power generated by Independent Power Projects presently cost PKR 9.27.
It Requires Just 420 Billion Rupees Initial Investment, Whereas Pakistan Receives annually 1220 Billion from Tax Only.
Chinese and other companies had not only carried out surveys and feasibilities of this project but also offered 100 percent investment in last 7 to 8 years but the “Petroleum Gang” always discouraged them in a very systematic way.
This Petroleum lobby, is very strong in Pakistan and they are against any other means of power generation except for the imported oil. This lobby is major beneficiary of the increasing oil bill that is estimated above 15 billion dollar this year. Even GOVT is planning to Sell all these reserve to a company on a very low price.
When Pervez Musharraf was president he gave green signal to embark upon the initiation of work on exploiting energy potential of these coal reserves of Thar under a modern strategy."
