PAKISTAN FIRES UP COAL POWERED AIR CONDITIONING

PESHAWAR

 IN BID TO CUT POWER PRICES, PAKISTAN TO PRESS

 

CHINESE IPP'S TO ADOPT LOCAL COAL

ISLAMABAD : 

Pakistan this month will ask Chinese power plants operating in the country to shift to using coal from Pakistan’s Thar region rather than imported coal, the power minister said on Sunday...

Neighbouring China has set up over $20 billion worth of energy projects in Pakistan.

“One of the key purposes of going along is the conversion of our imported coal units to the local coal. That would have a huge impact on the cost of energy, of power in the near future. 

The transition could save Pakistan more than 200 billion Pakistani rupees ($700 million) a year in imports, translating to a decrease of as much as 2.5 Pakistani rupees per unit in the price of electricity, Leghari said.

In April a subsidiary of conglomerate Engro (EGCH.PSX), opens new tab agreed to sell all of its thermal assets, including Pakistan’s leading coal producer, Sindh Engro Coal Mining to Pakistan’s Liberty Power. Liberty said the decision stemmed from Pakistan’s foreign exchange crunch and its indigenous coal reserve potential.