03-15-2009, 05:40 AM
KARACHI: Sindh Chief Minister (CM) Qaim Ali Shah held a meeting with an eight-member delegation of UAE’s Bin Din Group and Korea’s Petroleum Development Corporation (PEDCO) on Saturday to discuss the working on development blocks of the Thar Coal Project and considered the details of the Letter of Intent. According to details, PEDCO would work for three years in Block 4 and 8 and start drilling and boring for coal mining where after power generation will start. The Korean company will setup a 1000MW mine-mouth thermal power plant by using Thar coal reserves.
The meeting was informed that the Mines and Mineral Development, Law Department, Thar Coal and Energy Board and CM Secretariat would examine the details of the agreement being prepared for the proposed project. The Thar Coal Energy Board will hold an important meeting on Tuesday in this regard, while the agreement signing is expected on Thursday. PEDCO’s representative revealed that this would be Pakistan’s biggest thermal plant, providing energy to two million households and six lac industrial units, while generating job opportunities for 90,000 skilled and non-skilled workers. The representative of Bin Din Group informed the meeting that besides the power plant, schools, a college and a hospital would also be setup in the area. app
The meeting was informed that the Mines and Mineral Development, Law Department, Thar Coal and Energy Board and CM Secretariat would examine the details of the agreement being prepared for the proposed project. The Thar Coal Energy Board will hold an important meeting on Tuesday in this regard, while the agreement signing is expected on Thursday. PEDCO’s representative revealed that this would be Pakistan’s biggest thermal plant, providing energy to two million households and six lac industrial units, while generating job opportunities for 90,000 skilled and non-skilled workers. The representative of Bin Din Group informed the meeting that besides the power plant, schools, a college and a hospital would also be setup in the area. app