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Geopolitics, International Affairs, Karachi, Lahore, Pakistan

Pakistan is Not Short of Energy but Will !

It is estimated that all the oil reserves of Saudi Arab & Iran put together are approximately 375 Billion Barrels, but  a single Thar Coal reserve of Sindh is about 850 trillion cubic feet, Which is more than oil reserves of Saudi Arabia & Iran comboined.  These reserves estimated at 850 trillion cubic feet (TCF) of gas,  about 30 times higher than Pakistan’s proven gas reserves of 28 TCF.  Dr Murtaza Mughal president of Pakistan Economy Watch in a statement said that these reserves of coal worth USD 25 trillion can not only  cater the electricity requirements of the country for next 100 years  but also save almost four billion dollars in staggering oil import bill.
Just 2% usage of Thar Coal Can Produce 20,000 mega watts of electricity for next 40Years, without any single second of load shedding  and if the whole reserves are utilized, then it could easily be imagined how much energy could be generated.
The coal power generation would cost Pakistan PKR 5.67 per unit while  power generated by Independent Power Projects cost PKR 9.27.  It requires just initial 420 Billion Rupees initial investment, whereas Pakistan receives annually 1220 Billion from tax only.
Chinese and other companies had not only carried out surveys and feasibilities of this project but also offered 100 percent investment in last 7 to 8 years but the “Petroleum Gang” always discouraged them in a very systematic way.
The petroleum lobby, is very strong in Pakistan and they are against any other means of power generation except for the imported oil. This lobby is major beneficiary of the increasing oil bill that is estimated above 15 billion dollar this year. Some people are reportedly working for the sale /lease of these coal reserve to “some one” at a very low price.

[Courtesy: Farrukh Hummayoun Butt ]

Link: http://wp.me/pCgrB-1D

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