China Kingho Group to invest in Thar Coal field

"Thar coal field in Sindh is spread over more than 9000 sq km and is bestowed with 175 billion tons of lignite coal." — File Photo

ISLAMABAD: The Kingho Group being the largest private group of China has expressed its keen interest to Invest in Thar Coal project.

A seven-member delegation of M/s. China Kingho Group, headed by Executive Vice President Ma Xiaomin, visited Board of Investment (BOI) to explore investment opportunities in Pakistan in coal sector and development of coal fields of Thar, Badin, says a statement issued here.

Minister of State and BOI Chairman Saleem H.Mandviwalla stressed that in order to sustain economic growth, Pakistan needed to develop its indigenous energy resources rapidly.

Haqqani encourages US investment for Thar coal reserves

“In my view the Thar Coal Field must be developed at the earliest to make Pakistan self-sufficient in electrical power production,” Islamabad's envoy to the United States Husain Haqqani said. - Photo by AP.

HOUSTON (Texas): Pakistan offers tremendous opportunities for American investors in energy sector and foreign companies can greatly benefit from the business-friendly policies geared towards meeting the country’s fast-growing energy requirements, Islamabad’s envoy to the United States Husain Haqqani said.

Ambassador Husain Haqqani told participants of a conference focusing on utilization of Thar coal energy potential that the country holds out vast business prospects in power generation.