Malaysian firm to invest in energy sector

Islamabad: Malaysian Roxwell Investment Group Managing Director Dato Dr Abdullah Hasbi Bin Haji Hassan called on the Federal Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon, here on Saturday and exchanged views on investment opportunities in the oil and gas sector.

The minister said that the government has made an ambitious plan to utilise the coal deposit of 175 billion tones in Thar area of Sindh province and generate 20, 000 MW coal electricity by the year 2016. The minister also highlighted the salient features of upcoming oil and gas projects and coal development activities.

Malaysian Roxwell Group MD expressed the desire to invest in coal generation and oil and shale projects. He said that the Roxwell Group would send a technical team to Pakistan soon in order to acquaint with the prospects of investment in energy sector.