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Foreign firm expresses interest in Thar Coal Project

The Jong Tai Energy Corporation of Hong Kong has showed keen interest in investing in the Thar Coal Project, Sindh Investment Board Chairman Muhammad Zubair Motiwala said in a statement on Sunday.

A meeting was held between Jong Tai Chairman Samson Pan and Motiwala to discuss the matter.

The Jong Tai Energy Corporation is interested in starting a project to produce fuel from Thar coal by using the coal water slurry technology, which is not only effective, but also environment-friendly. This technology would reduce the cost of production by 50 per cent.

During the meeting, the Sindh Investment Board chairman welcomed Jong Tai’s interest and offered it provision of all necessary facilities if they go ahead with the project.

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