China to invest in coal sector of Pakistan

[Omar1984]

China to invest in coal sector of Pakistan

ISLAMABAD: Sino Resources Group Limited China showed interest in coal processing of removing moisture to turn it into high version coal, which is highly efficient in upgrading the commercial value of lignite.

The company also gave detailed presentation of the most advanced coiled tubing, drilling and nitrogen stimulation technologies. A six member delegation of Sino Group, Shaanxi Dingbian Lide Oil well technology Service Limited and China Cultural Heritage Foundation, led by Jane Geng, Chairman called on Zia Uddin, Executive Director General of Board of Investment (BOI).

The China Cultural Heritage Foundation members were interested to open up super stores in Islamabad for the availability of Chinese products in Pakistan.

This store will promote the Chinese products and culture in Pakistan to create a cultural bonding between the two countries.

In this regard, the delegation will meet the competent authority of Capital Development Authority for the allocation of the site and other acquisitions for the super stores.

Zia Uddin appreciated the efforts being made by the company for their investment plans and briefed that in order to attract investment in Thar, a comprehensive incentive package has been developed with consultation from all stakeholders, which included 20 percent IRR to firms, 30 years exemption on corporate tax, all custom duties on import of coal mining projects allowed at zero percent to reduce the initial capital investment, exemption on withholding tax to shareholder etc to reduce the initial capital investment. ppi


Daily Times - Leading News Resource of Pakistan

 

[Omar1984]

This is a slap on the face for all those anti-pakistan people who said China wouldn't help us exploit our coal reserves.


LONG LIVE CHINA-PAKISTAN FRIENDSHIP !!!!


We want a prosperous China !!!

AND

We want a prosperous Pakistan !!!

 

[Abu Zolfiqar]

the govt. should ensure no red tape or other political f*ck ups, which they are known for

 

[TARIQ BN ZIYAAD]

Assalam alaikum

we need to see some progress on ground

TARIQ

 

[VCheng]

All they made was a "detailed presentation". Let's wait for a formal contractual agreement before celebrating, shall we?

 

[Omar1984]

All they made was a "detailed presentation". Let's wait for a formal contractual agreement before celebrating, shall we?

This news proves all those anti-pakistan news sources wrong. China is interested in investing in Pakistan's coal sector.

 

[humanfirst]

This news proves all those anti-pakistan news sources wrong.

Those news were about a chinese firm pulling off from a $19.5 billion coal mining deal in sindh siting law and order problem.It did happen.
Poor law and order: Chinese company backs off from Thar coal project – The Express Tribune

 

[IND151]

^^ exactly. broadsword had mentioned it.

 

[Omar1984]

Those news were about a chinese firm pulling off from a $19.5 billion coal mining deal in sindh siting law and order problem.It did happen.
Poor law and order: Chinese company backs off from Thar coal project – The Express Tribune

That never happened. It was false news.

Chinese may invest in Thar coal

Thursday, October 13, 2011

BEIJING: Ambassador of Pakistan to China Masood Khan has said that he would contact the Chinese conglomerate King Hu Group to invest in coal mining and railway infrastructure in Pakistan.

Khan said the Pakistan Embassy in Beijing had arranged a visit of the company officials to Pakistan for initial study of investment in Thar Coal and Power Project.

He said that news were afloat that the company has backed out from a billion dollar deal.

It is not possible for a company to back out if it hasn’t gone forward, Khan said. “King Hu group was in Pakistan for only an initial study.”

More than five Chinese companies are working on the Thar coal project and they have no fear of security, the Pak envoy said. One of biggest coal mining company in china, China Coal is working on Thar coal project with Engro Pakistan and they are making huge investments in the area, Khan said.

China is also working in Pakistan on mega projects including the upgrading of dams, manufacturing plants and other infrastructure projects, Khan said.



Chinese may invest in Thar coal

 

[VCheng]

This news proves all those anti-pakistan news sources wrong. China is interested in investing in Pakistan's coal sector.

Yes, that is correct, but I hope to see, and indeed expect, progress on the ground, not just expressions of interest.

 

[SBD-3]

Yes, that is correct, but I hope to see, and indeed expect, progress on the ground, not just expressions of interest.

Cheng, afterall its money and big money i say
This is Dr Samar's estimate

The THAR COAL valued $25 trillion; we will not only generate electricity for 500 years but will also save about four billion dollars in overwhelming oil import bill every year.

A mere 25% of stake ensures a cash flow stream worth approx 6.25 trillion USD over time. I personally was expecting a venture by Chinese SWF investing in natural resources (they have been recently been very active), they are doing all sorts of things recently in search of yield (who buys a football club?)...but a juicy investment nevertheless given its risk spectrum.

 

[Evil Flare]

Omar1984 is banned again ??? so how many times he got banned before ??? 100 ?

 

[VCheng]

Cheng, afterall its money and big money i say
This is Dr Samar's estimate

A mere 25% of stake ensures a cash flow stream worth approx 6.25 trillion USD over time. I personally was expecting a venture by Chinese SWF investing in natural resources (they have been recently been very active), they are doing all sorts of things recently in search of yield (who buys a football club?)...but a juicy investment nevertheless given its risk spectrum.

Those estimates of trillions are wildly optimistic and likely unreal.

 

[VelocuR]

Read this important. I don't know how long China will be pleased with Pakistan less than 8 billions annual trade business.

http://www.defence.pk/forums/strategic-geopolitical-issues/137127-important-message.html

 

[JohnyD]

Lottery for china..nothing to cheer abt for Pak...coal mining is a dirty business for host country...just read abt mishaps taken places in chinese coal mines...and d most imp thing is envmtal damage..pak is not too big like china or india that they cant live without burning coal and if u ve any export aspiration...then u wll ve to compete with d best of the best in the world in terms of quality and commerical feasibility with large coal importers of the world....read india and china...if it is only for China...then again...u r losing...china is not short of coal reserve...they might look up to u bcoz of problems i ve highligted at the beggining of this comment..so think..before u let others exploit u!