KARACHI – Provincial Minister for Energy Mr. Imtiaz Shaikh said that Billions of rupees worth of foreign investment has been put on hold by the federal government, The British company could not get permission in Thar Coal Block 6, UK based company Oracle wanted to make electricity, gas and fertilizer from Thar coal.
He said that Oracle had offered a hefty investment in Thar Coal Block 6 and its investment in Thar would have increased power generation
Imtiaz Shaikh said despite correspondence between Sindh and the federal government, the British company Oracle could not get permission to invest in Thar Coal. He said, coal mining and alternative energy are the part of China Pakistan Economic Corridor (CPEC). He futher said that the federal government is deliberately blocking alternative energy projects in Sindh.
Imtiaz Sheikh said that Thar Coal Block 6 project was not included in the meeting of CPEC Joint Cooperation Committee.
The JCC, the largest forum of the Pak-China Economic Corridor project, is scheduled to meet on July 16
He told that the Sindh’s wind power project was also not approved by federal government.
