TCPP's to attract more investments

Karachi: The Thar Coal Power Project (TCPP) would attract over $20 billion foreign investment within next six months

Also, a host of interested companies from United States, China, Britain, Singapore, South Korea, Germany, Poland, Australia etc would invest over $20 billion in the Tharparkar-based energy project.

Lots of MoUs have been signed and a host of foreign firms keen to invest in the coal sector are visiting the Chief Minister on almost daily basis.

The coal exploration work would follow the power generation process.

The TCPP would help Sindh province generate at least 7000-8000 MW electricity by 2012, which would not only cater to the countrys 3,500MW power shortage, but would also be exported to the neighbouring countries.

The provincial government had undertaken a fast track infrastructure development in Thar, along with a coal based mine-mouth thermal power plant by a Korean firm at an estimate cost of $3 billion.

A coal-based power generation plant in Thar would help Pakistan save a huge sum of $8 billion it was presently paying for imports of oil to run its power generation units. A recent study has revealed that Tharparkar has 175 billion tons of coal reserves with a best power generation quality.