ISLAMABAD: A delegation of Chinese investors has announced to generate cheap electricity by investing $3.5 billion in Thar, utilizing its 175 billion tonnes of coal reservoirs.
The Chinese investors , giving interview to a private TV channel, said that Shanghai Electric Company would assist Pakistani engineers to utilise their natural coal for electricity production.
The Shanghai Electric Company chairman and the Sino-Sindh Resources CEO said that China will invest three and a half billion dollars in Thar to activate its industry. They further said that successful installation of power production plant would surely decrease electricity’s price to 50 per cent per unit.
To a question, Chinese delegation claimed that power outage cannot be eradicated at once, therefore, the Pakistani government has to initiate more Thar mill and hydro plans.
Meanwhile, Chinese investors termed Pakistani land fruitful for foreign investment and said that China has no fear with respect to security in Pakistan. Moreover, delegation further vowed to strengthen the Pak-China relations by cooperating in every sector.
