Malaysian firm to invest in coal power

Islamabad: Malaysian Roxwelol Investment Group has shown interest to invest in coal generation and oil shale projects.

Managing Director of the group Dato Dr. Abdullah Hasbi Bin Haji Hassan stated this in a meeting with Minister for Petroleum and Natural Resources Amanullah Khan Jadoon here on Saturday.

During the meeting, the minister told the Malaysian group official that the government was taking concrete steps to exploit the untapped hydrocarbon and coal deposits at a faster pace in order to meet the growing energy needs of the country.

He said that the government has made an ambitious plan to utilise the coal deposit of 175 billion tons in Thar area of Sindh province and generate 20,000MW coal electricity by the year 2016.

He also highlighted the salient features of upcoming oil and gas projects and coal development activities.

The MD of the group expressed the desire to invest in coal generation and oil shale projects.