Pakistan coal deposit richer than ME oil reserves

Member Science and Technology of Planning Commission of Pakistan Dr Samar Mubarakmand said Friday that the magnitude of Pakistan’s coal deposit is several times more than total oil reserves of Saudi Arabia, UAE, Iran and Iraq.

“We can generate 100 million barrels of diesel and 30,000 MW of electricity from our coal deposits for 500 years,” he said addressing the participants of 21st Convocation of National University of Computer and Emerging Sciences, (FAST- NU) here.

“The country endowed with the second largest deposit of coal in the world at Tharparkar, confirmed deposit of copper and Gold at Reko-Diq valued at 1.2 trillion dollars and third biggest asset of the country is extremely intelligent and well trained human resource” he said. He said power to be generated from coal will cost 4 cents per unit, make industry produce cheap output for exports, cheap fertilizer and power for agriculture to make country’s oil bill zero.

Power stations based on underground coal gas in Uzbekistan (Angren), Italy (Sardinia), Australia (Chinchilla) are generating electricity costing 3.5 to 5 cents.

“We have been mining copper and gold in Saindak since 2001. The deposits at Reko Diq are 40 times larger.”, he added.

Mubarakmand said the youthful human resource of the country needs to appreciate its role in the development of these extremely valuable resources of the country.

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on Aug 2 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry