Sindh inks energy deals with Chinese companies
These MoUs were signed during visit of a Sindh investment delegation to China, led by Sindh Assembly speaker.
Wang Shaofeng, Vice Chairman of China Three Gorges Corp and Mohammad Younus Dagha, Secretary Coal and Energy Board signed the MoU on Tuesday. Under the agreement, the Chinese company will participate in international bidding for Thar coalfield’s blocks VIII, IX and X as well as for Sonda coalfield.
The Thar project covers coal mining and 4,000 megawatts of power generation with an estimated investment of around $8 billion.
Apart from participating in future projects in Thar, the company has already purchased a ready project in Sonda coalfield at Thatta, which was earlier developed by CMC of China for coal mining and power generation.
Another MoU was signed on Wednesday by Hongwei Zhang, Chairman of Orient Group and United Energy Group (UEG) and Mohammad Younus Dagha, Secretary Coal and Energy Board.
The MoU covers both coal power and wind energy projects in Sindh. The group has shown interest in developing coal-based power plants in Thar and Badin coalfields.
It has also acquired letter of intent for a 150-megawatt wind power project in the first two years, which the company intends to scale up to 500 megawatts in four years.
UEG has already invested in oilfields of Badin by acquiring British Petroleum’s concessions in the district. The new endeavours of UEG will bring another investment of around $1.2-$2.5 billion.
Published in The Express Tribune, November 17th, 2011.
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@Proud Baloch: This is the internet and many people can pretend to be Pakistani behind the computer and write anything. I am sure they are Indians pretending to be Pakistanis. Indians hate the friendly relationship Pakistan has with China.
China is a trusted friend. Pakistan needs foreign help extracting coal in Sindh. China can help us.
LOL. Why are Pakistanis complaining about Chinese. Who else will you give it to? Chinese firms submit cheap bids and it natural that a government will choose the cheapest bid.
britishers came and forcibly ruled the sub continent while chinese came and given the crown on our own. this nation is truely made for future slavery
Need sincere people to run such kind of projects. But very sadly, all such projects are also politicized too.
more national assets sold to foreign players... wonder whether anything will be left for next generation, as our country is nose deep in external debt and on top of that selling precious assets to clever opportunists with a friendly face who will be sitting in the management and decision making board, will reap the profits and send it back to their country, will bring in machines and labor from their country. We have become a 21st century colony.
Mou means just paper work and that's all ........ Nothing to be on ground in near future ..... Sort of media campaign