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KARACHI
- Turkey is seeking an energy delegation to visit Sindh to further explore
investment opportunities in Thar Coal and energy sector of Sindh.
This was expressed by Sindh Board of
Investment Chairman Muhammad Zubair Motiwala while giving briefing on
opportunities and investment potential of energy sector in Sindh during a
meeting with Ministry of Energy, Government of Turkey at the office of Ministry
of Energy Government of Turkey, Ankara.
Speaking on the occasion, Motiwala said the
SBI welcomed the kind cooperation and facilitation from the Turkish
authorities. He invited the Turkish investors to come and invest in Sindh which
could become future power house of the world due to huge coal reserves, wind
corridor and availability of ever-present sunlight to produce solar energy.
He said Sindh was blessed with the world’s
best wind corridor which had average wind speed of 7-8 m/sec. Two companies M/s
Zorlu and M/s Fina of Turkey had already invested in wind energy power project
in Thatta district of Sindh.
During the meeting the Turkish government
showed keen interest in the Thar coal region.
The meeting was attended by the representative
of Ministry of Energy (Turkey), directorate general of Energy, Investment
Planning and Power Generation Corporation (Turkey), general directorate of
Coordination of European Union (EU), Turkish Oil Enterprises, Modern Research
and Investment Institution (Turkey) and Geological Research Department of
General Directorate of Energy.
Dr. Nevzat Kavakli, Turkish under Secretary at
the Ministry of Energy, said Turkey had an intention to increase bilateral
cooperation with Pakistan.
He said his country required huge volumes of
coal for electricity and power generation. He said Turkey’s annual coal imports
were more than 22.0 million tonnes to cater domestic needs.
Turkey was producing more than 8000MW of power
from lignite coal.
The Ministry of Energy proposed to enhance
cooperation with Sindh through continuous efforts and showed keen interest to
explore Thar coal in more detail.
Government of Sindh Secretary Coal and Energy
Development Department Ajaz Ali Khan who is a member of the delegation, briefed
the meeting on the quality and quantity of the coal and the opportunities of
investment in Thar region.
He also highlighted the incentives announced
by the government of Pakistan to support investment in Thar Coal.
The Turkish side highly appreciated the
technical details of the lignite coal at Thar and reaffirmed that in short time
a team of technical experts would visit Sindh to further explore the
opportunity.
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