KARACHI: The energy resources in Sindh are abundant and rapidly being explored to overcome the energy crisis of the country with the aggressively involvement of the provincial government to develop its natural resources of coal, wind and solar energy, said Senator Taj Haider, Adviser to CM Sindh.
Speaking to audience at 7th PowerGen Energy Forum 2014 held here on the other day, he said Sindh Engro Coal Mining Company is the 100 percent owned by local investors including private partner and provincial government which restored the confidence of foreign investors gradually who are keen to invest to set up their coal-based power plants, he said while referring to the investment share Sindh Government stands at Rs 3 billion. He said that Jhimphir Wind Energy Farm has potential to generate 1900 MW electricity whereas 163 MW have been added to the national grid with three companies are operational so far. On the other hand, he added, Zulfiqarabad allocated energy corridor could generate 50,000 MW additional electricity showing its immense scope.
There are 17 companies interested to set up their power plant of 50 MW in Zulfiqarbad depicting promising future of province in achieving self-sufficiency in power generation on various frontiers, senator added.
The country’s biggest province should contribute investments towards resources of energy rather than relying on different province supplies till the depletion of overall reserves, he said adding provinces and people should be given access to natural resources as per assurance of constitution of Pakistan.
He added that article 172(3) of constitution said that province and federal government owns equally 50 percent share of the natural resources of the land primarily the earnings. On the other hand, article 150 guarantees that province having resources is rightfully first to use and sale them. There have been many amendments made in the constitution but still there is room to give rights to rightful with further changes and implementation of rule and law, Haider said.
Dr Ansar Pervaz, Chairman Pakistan Atomic Energy Commission (PAEC) said that proposed nuclear power projects are safe, efficient and vital energy resources for the country as these planned projects like K2/K3 could produce most affordable electricity to masses of country.
Dispelling the misconception about nuclear power plants and its safety concerns, he said the proposed power plants are being developed at the safest place without any issue of ground fault. He added that these projects are being designed to brace 0.3G quack shocks whereas 0.2G shocks could raze many commercial and residential buildings in the city of Karachi.
He further clarified that the hazards of environment could be well averted with the use of new technology whereas danger of explosion is rare and could be controlled as far as 5 kilometres away from the plants.
Dr Attur Rahman, former federal minister, said that world is moving towards latest and efficient sources of technology to save their costs and environmental hazards urging that companies in Pakistan should exploit advance technology in Pakistan and make the most of returns from their investments. He added that local companies and private sector should come forward to innovate and invent technology for long-term valuable impacts. Energy Leaders Awards were given to companies’ representatives including Kuwait Petroleum Ltd, Pak Oasis Ltd, Fauji Energy Corporation and K-Electric.
SINGAPORE - Oil prices stabilised in Asia on Monday following sharp gains in the previous session ...