Converting colossal reserves of Pakistan coal into energy

Posted on 26 November 2008. Tags: China, Coal reserves, Pakistan, UAE, USA

Creation of electricity with adequate environmental safeguards from coal will keep the electricity bills low. The efforts in developing coal energy has to be complimented with investment in wind, solar, bio-gas, tidal and geo-thermal energy.

Every company that comes and makes profit from the coal reserves should be forced to invest in wind, geo-thermal, solar and tidal energy so that they have a local Pakistani solution for the villages in Pakistan. A certain percentage of the profits have to be recycled into Solar ovens, bio-gas, wind generators, and hand cranked laptops.

Pakistan vision 2020

UAE firm wants to set up coal-based power plant: ABU DHABI, Nov 25: The Abu Dhabi National Energy Company has expressed interest in setting up a coal-based power plant in Pakistan.

The company’s vice-president, Mr Abdullah Khunji, called on President Asif Ali Zardari here on Tuesday and indicated willingness to invest in power sector.

The president assured him of government’s full support and cooperation.

Mr Khunji later told reporters that Pakistan was the best place for investment and his company would soon launch its energy projects in the country.

Emirates Investment Group chairman Tariq Al Qasimi also called on President Zardari and exchanged views with him on global and regional economic situation. He expressed his group’s desire to invest in Pakistan’s financial sector. Dawn. November 25th, 2008

Pakistan coal reserves are estimated at 175 billion tons which according to the Vice-Chancellor (VC) of Punjab University, Professor Dr Mujahid Kamran equal 618 billion barrels of crude oil. According to the most reliable analytical reports Saudi Arabian crude oil reserves are estimated at around 260 billion barrels. At 60 Dollars per barrel this equates to 3708 Billion Dollars or approx. 4 Trillion Dollars (at current prices). At future prices these reserves will be worth 8 or 24 Trillion Dollars. This is enough money to build the most modern infrastructure, the best roads, the best hospitals, the best education, the best universities, the best hi-speed rail system and the best public transportation system on the planet.

The president said his government encouraged foreign investments in energy, agriculture, construction, infrastructure development and banking and financial sectors.

Mr Qasimi told reporters his company had its presence in Pakistan and was exploring new avenues of investment in agriculture and banking sectors.

UAE Minister for Petroleum Mohammad Dhaen Al Halimi also met President Zardari and discussed with him prospects of cooperation in energy and oil and gas sectors.

Mr Halimi said his government was encouraging its private sector to invest in Pakistan’s energy and petroleum sectors.

The president praised the UAE for investing $5 billion on a refinery in Balochistan and expressed the hope the private sector would invest more in joint venture projects in petroleum and energy sectors. He offered Pakistan’s technical expertise to the UAE in energy sector development.

Mr Halimi told reporters that during the meeting various areas of joint ventures had been identified. Prospects of investment in oil and gas exploration were also discussed.

Foreign Minister Makhdoom Shah Mehmood Qureshi, PM’s Adviser on Finance Shaukat Tarin, Pakistan’s Ambassador Khurshid Ahmad Junejo, Ambassador-at-Large Javed Malik and Board of Investment Chairman Salim Mandviwala attended the meetings.

President Zardari also visited the mausoleum of Shaikh Zayed bin Sultan al Nahyan, the founder of the United Arab Emirates, and offered fateha.-APP. Dawn. November 25th, 2008

COAL Coal mining and generation of electricity is a huge opportunity for investors because Pakistan has the worlds 4th largest coal reserves (http://www.dawn.com/2004/09/20/ebr10.htm).

Pakistan’s Thar Desert contains the largest coal reserves discovered to date, covering an area of 10,000 square kilometers. The Thar Coal Field, should it be developed, will yield over 200 billion ton of coal used to produce electricity, it will yield sufficient power to make Pakistan self-sufficient in Electrical power.http://www.pakistaneconomist.com/issue2001/issue34/i&e1.htm

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Pakistan Vision 2020 « Strategic Thinking and Policy Institute says:

January 1, 2009 at 6:03 pm

[...] worlds 4th largest coal reserves. Pakistan coal translates into twice the oil of Saudi Arbia. Converting colossal reserves of Pakistan coal into energy. This has to be developed and converted into electricity. For a brief peroid of time during the [...]