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| February 23, 2002 | Saturday | Zilhaj 10, 1422 |
Foreign investment welcomed
THATTA, Feb 22: The Thatta district government will cooperate with investors for the exploration of minerals and industrialization in the district.
This was said by Thatta District Nazim Shafqat Hussain Shah Shirazi while talking to Dawn here the other day.
He said that the Jiang Su Mining Engineering Corporation of China had agreed to install a 250 megawatt power project at Sondha, Jherruck, and the China National Machinery Imports and Exports was also interested in setting up a 100 megawatt power plant at Sondha.
Inviting foreign investors to avail generous incentives recently offered by the Sindh government in power sector, he said that coal-fire based power generation could only be the option to fill the gap of 50 per cent between generation and consumption of electricity by the year 2020.
He added that 38 per cent of electricity was being generated in the world by coal.
The district Nazim deplored that Pakistan was generating less than one per cent of electricity by coal against the Asian average of 43 per cent.—Correspndent
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