Karachi, May 27, 2012 (PPI-OT): Chairman Sindh Board of Investment (SBI) Muhammad Zubair Motiwala appreciated M/s Ching Tai New Energy Hong Kong Cooperation Ltd for taking interest in Thar Coal mining through Coal Water Slurry (CWS) Technology, which is most efficient and environmental friendly technology to burn coal into fuel. This he said while holding a meeting with Samson Pan, Chairman M/s Ching Tai New Energy Hong Kong Cooperation Ltd at his office in Karachi.
The Chairman SBI offered full support in facilitating for swift materialization of their intent to invest in Sindh. Muhammad Zubair Motiwala said that Sindh is blessed with world class coal reservoirs which have been internationally verified. The coal of Thar contains less than 1% of sulphur which is next to none as compared to other countries of world. A detailed presentation on Thar Coal was being delivered to the delegation.
On the occasion Mr. Samson Pan informed that M/S Chnig Tai New Energy Corporation which is a Hong Kong based company desired to invest in Thar Coalfields. They show keen interest in Thar Coal mining project and to invest in one of the blocks. He said that Pakistan, China and other countries are facing energy and environmental problems were as high cost of oil and natural gas causes expensive energy and limit our growth potential.
Keeping in view these global issues the Zhenjiang University after years of research has developed a most efficient and environmental friendly technology to burn coal into fuel through Coal Water Slurry (CWS) Technology. In this technology existing fuel oil plant can be converted to Coal Water Slurry which would reduce the fuel cost by 50%.
The meeting was also attended by Secretary Investment Ms Naheed S. Durrani, Mr. Chan Yeung Yum, Director, Mr.Liu Jianzhong, Professor Zheinjiang University (Institute of Thermal Power Engineering of Zhejiang), Ms. Xie Binfei of Zhenjiang University and Mr. Naigen, Zhejiang University, and officials of Coal and Energy Development Department, Government of Sindh. The meeting was also attended by Mian Suhail Husain and Abbas Akber Ali, CEO, Amreli Steels Limited.
For more information, contact:
Information and Archives Department
Directorate of Press Information
Government of Sindh
95-Sindh Secretariat 4-B, Karachi
Tel: +9221 9920 4423