Pakistan's Jamshoro Power Project Eyes Thar Coal, USD 3.2B Forex Savings

A high-level meeting advanced plans for the 660MW Jamshoro Power Project to transition to indigenous Thar coal, potentially saving Pakistan USD 3.2 billion over its lifespan. This move, supported by K-Electric's feasibility study, aims to significantly reduce reliance on imported coal and conserve valuable foreign exchange. Sino Sindh Resources Limited confirmed readiness to expand the Block-1 mine to meet demand by 2029, further enhancing cost competitiveness. This initiative could ease pressure on Pakistan's foreign exchange reserves and potentially stabilize the USD/PKR rate, indirectly influencing local gold prices.

بحوالہ / Source: www.brecorder.com