ISLAMABAD – The Pakistan Economy Watch (PEW) on Thursday said production foelectricity from Thar coal after a long time is a great success.
Initially, 330 megawatts of electricity has been added to the national gridwhich will be increased by the next month, it said.
Proper exploitation of Thar coal reserves will reduce dependence onimported fuels which can help the country save almost six billion dollarsannually, said Dr. Murtaza Mughal, President PEW.
He said that success in the desert of Thar has caught the attention oflocal and foreign investors and it may result in heavy investment as 175billion tonnes of coal can help change the fate of Pakistan.
Thar coal can end dependence on imported fossil fuel, help the country earnhandsome foreign exchange, and boost GDP by four percent, he added.
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Dr. Murtaza Mughal said that power demand continues to increase whileload-shedding is not only compromising growth but also making lifedifficult for the masses.
The government should not only increase power generation but also restorethe faulty transmission and distribution system.
Steps should be taken to reduce line losses and discourage theft ofelectricity so that masses and the industrial sector can get cheapelectricity which is imperative for industrial and agricultural expansion,he demanded.
