Karachi: An amount of PkR 789.4 mn has been released for the underground coal gasification projects of Thar Coal up to June 2011.
According to Alfalah Securities Limited, remaining PkR 195.6 mn would also be provided in FY12 for completion of two projects including creation of new processing facilities for handling and purification of coal gas production by underground coal gasification. And for the production of coal gas there from. This project would be able to generate 100MW of electricity through conversion of coal to gas.
According to the reports, a single reserve in Thar has about 850 tcf coal which can change fate of the country if utilized in a proper way. It can save oil import bill thus improving the balance of payment situation, reduce unemployment and would bring economic prosperity.