Business recorder, Newspaper

The Chinese company wrote a letter to the Sindh government about increasing incidents of theft in Thar Coal Block-1, reported Pak vernacular media Intekhab Daily.The Chairman of the Chinese company wrote that the local youths are involved in theft incidents."They are stealing electric cables, steel products, and other precious materials and instruments. If arrested the thieves are rescued by the police," Chairman wrote in the letter.In his letter, he has written that just a few days back a transmission line was badly damaged. He requested the Secretary of Sindh to ban public movement in the 2 km area around the fence of the Thar Coal Block-1, reported Intekhab Daily."If the theft incidents are not controlled and we will be unable to give the required results," read the letter.Meanwhile, Pakistan decided not to relocate a 300-MW coal-fired power plant from Gwadar to Thar, bowing before pressure from Beijing, sources told Business Recorder.In addition, Pakistan has agreed to a three-year extension in its financial close.Chinese leadership told Prime Minister Shehbaz Sharif during his recent visit to Beijing that relocating the coal-fired power plant from Gwadar to Thar would require a new project, which Beijing is unwilling to undertake because it has no intention to begin any new coal project, reported Business Recorder.Prime Minister desired that Minister for Planning should expeditiously decide the matter within the CEPC Framework Agreement, keeping in view the overall strategic cooperation between the two countries and the extraordinary support provided by China.Private Power & Infrastructure Board (PPIB) which was pressing the Chinese company to relocate its project from imported coal at Gwadar to local at Thar, opted to remain silent, the sources added.The relocation of the project to Thar, as well as the use of local coal, is not viable due to long logistic lines and a cost-benefit analysis, which includes poor yield, high volatility, frangibility, and other environmental concerns associated with local coal.Moreover, it was indicated at the time that shifting an approved project is against Chinese policy because no new coal projects can be developed or financed.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Business Recorder, NewsFOLLOW

Business recorder, Latest News

Islamabad [Pakistan], May 24 : Pakistan's total population has reached 249,566,743 (249.566 million), as per the initial results of ... ...

Islamabad [Pakistan], April 29 : Chinese contractors working on the Thar Coal Project are unhappy due to non-payment of ... ...

Islamabad [Pakistan], April 29 : Amid its mounting external debt, Pakistan is listed among the 15 countries globally which ... ...

Islamabad [Pakistan], April 25 : A Chinese national working at the Dasu hydropower project in Pakistan's Upper Kohistan faced ... ...

Islamabad [Pakistan], April 16 : The World Bank has estimated a drop in GDP per capita income for Pakistan ... ...

Islamabad [Pakistan], April 10 : The Pakistan government has booked all major Pakistan Tehreek-e-Insaf (PTI) leaders including its chairman ... ...

Islamabad [Pakistan], March 16 : China's Sunwalk Group intends to invest USD 2 billion in Cash-Strapped Pakistan's telecom sector ... ...

The Chinese company wrote a letter to the Sindh government about increasing incidents of theft in Thar Coal Block-1, ... ...