There is an encouraging sign that the present government is making efforts to get gas from Turkmenistan, Iran, Qatar and Russia to meet the energy needs of the country and is also paying attention to projects of getting electricity and gas from Thar Coal reserves to meet the needs of the energy sector.
Judging by the efforts it seems that the present government by the end of their tenure would be able to make a base, making it easier for the coming governments to deal with the power and gas crisis. If we start working on projects utilizing our natural resources to get cheap electricity from alternate resources than there would be no load shedding and neither our economy would have to face irreparable loss. We have everything, just need to utilize our technical resources. World is moving fast and in order to stay with the fast emerging technologies we need to gear up our efforts.
If all the oil Reserves of Saudia Arabia & Iran are put together it is approximately 375 Billion Barrels ,but a Single Thar Coal Reserve Of Sindh is about 850 Trillion Cubic Feet, which is More Than Oil Reserves Of Saudia & Iran.
These reserves estimated at 850 trillion cubic feet (TCF) of gas, about 30 times higher than Pakistan’s proven gas reserves of 28 TCF.
These reserves of coal worth USD 25 trillion can not only cater the electricity requirements of the country for next 100 years but also save almost four billion dollars in staggering oil import bill.
Just 2% usage of Thar Coal Can Produce 20,000 Mega Watts of Electricity for next 40Years ,without any single Second of Load Shedding and if the whole reserves are utilized, then it could easily be imagined how much energy could be generated.
The coal power generation would cost Pakistan PKR 5.67 per unit while power generated by Independent Power Projects cost PKR 9.27. It Requires Just Initial 420 Billion Rupees Initial Investment,
Whereas Pakistan Receives annually 1220 Billion from Tax Only. Chinese and other companies had not only carried out surveys and feasibilities of this project but also offered 100 percent investment in last 7 to 8 years but the “Petroleum Gang” always discouraged them in a very systematic way
The government has failed to overcome gas and power crisis due to which load shedding is increasing day by day. Industries are facing closures and external trade is facing deficit and foreign reserves are depleting. The energy crisis has also dampened the agriculture sector, which is the back bone of the country’s economy. In the current situation, resolution of energy crisis is not a job of a single minister a debate on the crisis needs to be held in the parliament. The cabinet should take practical decisions and should avoid decisions that could create confrontations amongst the provinces. We have to make decisive decisions to get the economic wheel rolling and save the economy from complete meltdown.