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Rs 61.5bn coal mining, 300MW power plant project okayed
KARACHI: The Sindh cabinet, which met on Monday under the chairmanship of Chief Minister Qaim Ali Shah, approved a joint-venture project worth Rs 61.5 billion with the Al Abbas Group for coal mining at Badin coal field along with a 300MW power generation plant.
Prior to the decision, a three-member cabinet sub-committee - comprising provincial ministers Sardar Ahmed, Murad Ali Shah and Adviser to Chief Minister Qaisar Bengali - presented their report on the feasibility of this joint venture.
Briefing the media later about the cabinets decision, Adviser to Chief Minister for Information Jamil Soomro said the project would be completed in 24 months with an estimated cost of Rs 18.45 billion on coal mining and Rs 43.05 billion on the power plant.
He said the cabinet had also reviewed the allocation of Rs 75 billion for the Annual Development Programme (ADP) of 2009-2010.
The Planning and Development adviser had briefed the cabinet on the ADP, he added.
He also said the cabinet would meet again on Tuesday (today) when the Finance Department would give a briefing.
The ADP of 2009-2010 has the record allocation as against the Rs 50 billion allocated for the ADP of 2008-09, he added.
Responding to a question, he said the coal mining and power plant project would be a joint venture between the Sindh government and a financial group - the Al-Abbas Group - with a 40:60 ratio.
The sub-committee said in its report that the work on the project would start soon, he added.
He further said after the Thar coal project, the biggest investment was coming in the Badin coal field.
He told the media that the agenda for the cabinet meeting remained incomplete because the chief minister had to leave for Quetta to attend to the National Finance Commission Award.
After Wednesdays cabinet meeting, a detailed briefing would be given to the media, he added.
Sindh Secretary for Information Mumtaz Ali Shah, Director General Safdar Shah and Director Information Muhammad Iqbal were also present on the occasion. app
Daily Times - Leading News Resource of Pakistan
About time we started using our resources effectively!
KARACHI: The Sindh cabinet, which met on Monday under the chairmanship of Chief Minister Qaim Ali Shah, approved a joint-venture project worth Rs 61.5 billion with the Al Abbas Group for coal mining at Badin coal field along with a 300MW power generation plant.
Prior to the decision, a three-member cabinet sub-committee - comprising provincial ministers Sardar Ahmed, Murad Ali Shah and Adviser to Chief Minister Qaisar Bengali - presented their report on the feasibility of this joint venture.
Briefing the media later about the cabinets decision, Adviser to Chief Minister for Information Jamil Soomro said the project would be completed in 24 months with an estimated cost of Rs 18.45 billion on coal mining and Rs 43.05 billion on the power plant.
He said the cabinet had also reviewed the allocation of Rs 75 billion for the Annual Development Programme (ADP) of 2009-2010.
The Planning and Development adviser had briefed the cabinet on the ADP, he added.
He also said the cabinet would meet again on Tuesday (today) when the Finance Department would give a briefing.
The ADP of 2009-2010 has the record allocation as against the Rs 50 billion allocated for the ADP of 2008-09, he added.
Responding to a question, he said the coal mining and power plant project would be a joint venture between the Sindh government and a financial group - the Al-Abbas Group - with a 40:60 ratio.
The sub-committee said in its report that the work on the project would start soon, he added.
He further said after the Thar coal project, the biggest investment was coming in the Badin coal field.
He told the media that the agenda for the cabinet meeting remained incomplete because the chief minister had to leave for Quetta to attend to the National Finance Commission Award.
After Wednesdays cabinet meeting, a detailed briefing would be given to the media, he added.
Sindh Secretary for Information Mumtaz Ali Shah, Director General Safdar Shah and Director Information Muhammad Iqbal were also present on the occasion. app
Daily Times - Leading News Resource of Pakistan
About time we started using our resources effectively!