Well, it is 104.33 already and it has only been a few months of this government. Another 4 years or so and it will get to 150. The new loans taken from IMF will ensure such a great fall.
Yes, but what they propose is a 1000MW dry-cooled power plant, that nobody is willing to finance so far. Why? Because the investment is simply not worth it compared to the alternatives.
So this one company called RPI conducted this feasibility study:
http://www.rwe.com/web/cms/mediablob/en/315572/data/227000/1/rwe-power-international/our-experience/mining-services/Thar-Bankable-Feasibility-Study.pdf
where they state:
So what does that actually do to make someone finance the...
Our Thar coal is simply of too poor a quality to be used for power generation, all 85 billions tons of it. The hopes attached to Thar coal were always a mirage.
The point is this: WE HAVE NO MONEY. We can get something done if and only if someone else pays for it. Like Iran. Or China. Or IMF. Or Saudi Arabia. Or ADB. Right now, no one is agreeing to fund any such projects on our list.
Sirjee, exploitation of the Sui gas field was funded by the USSR, World Bank, Canadian International Development Agency (CIDA) and the Asian Development Bank. We did not do it on our own.
Some resources will take many years to exploit with expertise and finances we do not have, some resources being claimed are simply not as large or exploitable, some are simply not real.
All such claims are ridiculous in their periodic regularity and their consistent futility.
Why blame the...
So with these "vast shale gas and oil reserves" and the "hugest coal despots in Thar" and the "mountains full of gold and copper in Reko Dik" we should be all set for the new few centuries.
Rejoice! Celebrate!
(May be not.)
I agree with you that the fanboys have no bearing on the project ultimately. Like I said, it will gradually achieve its designed potential steadily and with the provision of the required resources. However, reading older threads in this very forum on this topic give a clear idea of how some...