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Thread: Pakistan embraces coal-fired power expansion

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    Member cb4's Avatar
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    Pakistan Pakistan

    Pakistan embraces coal-fired power expansion

    Faced with persistent power outages and dwindling gas reserves, Pakistan is embracing coal-fired power expansion, with a dozen new plants set for construction.

    Bloomberg reports that the government is encouraging investment totalling $15bn that looks likely to see 10,000 MW of coal-fired power added to the countryís power mix by 2020.




    The country will use coal imported from South Africa and Indonesia before it develops and starts to use locally-mined lignite. It is motivated by a need to end power cuts, curb subsidies and comply with aid conditions set by the International Monetary Fund. Global investors and local companies including Engro Corp, Lucky Cement Ltd and K-Electric are set to invest heavily to improve the countryís energy security.

    Pakistan and the IMF agreed in July 2013 on a loan that has since risen to $6.6bn to boost the nationís depleted currency reserves and help stabilize its struggling economy. Fixing its energy sector was a key IMF condition for the loan.

    Depleted gas reserves are the primary motivator in switching to coal Ė last year this issue indirectly led to outages that lasted as long as 18 hours per day, and at its peak the summer power deficit reached 6000 MW in the Punjab region.

    The Asian Development Bank is lending $900m for a state-owned 600 MW coal-fired power generation unit in Pakistan. Chinaís Sinohydro Resources Ltd and Al Mirqab Capital SPC, a company controlled by Qatarís royal family, are building a 1320 MW generator at Port Qasim in Karachi.

    Meanwhile, Pakistan also plans to set up 10 power projects to produce a combined 6600 MW at Gaddani, just outside Karachi.

    ďOur wish is that we make electricity from gas, but we donít have it and there is no choice other than coal,Ē Asif Ali Abro, director of projects at the state-owned Private Power and Infrastructure Board, told Bloomberg.

    The addition of coal power will change Pakistanís energy mix to as much as 40 per cent from the fuel in five years from 0.1 per cent at present.

    http://www.powerengineeringint.com/a...expansion.html
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    Think Tank Muse's Avatar
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    Re: Pakistan embraces coal-fired power expansion

    Quote Originally Posted by cb4 View Post

    The country will use coal imported from South Africa and Indonesia before it develops and starts to use locally-mined lignite.

    That should explain much -- help finance SA and Indonesian mining infrastructure, make money on the import deals, then go to banks seeking loans to develop your own, make money on that -- it's a win win for bureaucrats, politicians, and international banks.
    The Following User Says Thank You to Muse For This Useful Post: Hariz


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    Senior Member Hariz's Avatar
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    Re: Pakistan embraces coal-fired power expansion

    Quote Originally Posted by Muse View Post
    That should explain much -- help finance SA and Indonesian mining infrastructure, make money on the import deals, then go to banks seeking loans to develop your own, make money on that -- it's a win win for bureaucrats, politicians, and international banks.
    lols that did not make much sense to me with supposed massive reserves in thar

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