UAE and Korea to set up coal based power plant

Monday, 16 Mar, 2009

It is reported that Mr Syed Qaim Ali Shah CM of Sindh held a meeting with an eight member delegation of UAE’s Bin Din
Group and Korea’s Petroleum Development Corporation on Saturday to discuss the working on development blocks of the
Thar Coal Project and considered the details of the Letter of Intent.

According to details, PEDCO would work for three years in Block 4 and 8 and start drilling and boring for coal mining where
after power generation will start. The Korean company will setup a 1000MW mine-mouth thermal power plant by using Thar
coal reserves.

The meeting was informed that the Mines and Mineral Development, Law Department, Thar Coal and Energy Board and CM
Secretariat would examine the details of the agreement being prepared for the proposed project. The Thar Coal Energy Board
will hold an important meeting on Tuesday in this regard, while the agreement signing is expected on Thursday.

PEDCO’s representative revealed that this would be Pakistan’s biggest thermal plant, providing energy to 600,000 industrial
units, while generating job opportunities for 90,000 skilled and non-skilled workers. The representative of Bin Din Group
informed the meeting that besides the power plant, schools, a college and a hospital would also be setup in the area.

(Sourced from APP)

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