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Thursday, May 21, 2009 9:20:38 AM
KARACHI, May. 21 (APP)- President Asif Ali Zardari has said that efforts were underway to attract foreign investment in coal power generation and to restart work on the development of Thar coal project in Sindh. In a message on the 3rd anniversary of the monthly Energy Update, he said that the civilian government was committed to attract more investment in energy sector, especially to attain self sufficiency in power generation, oil and gas exploration, besides encouraging projects in alternate energy.
During its last tenure, the PPP government had attracted huge foreign investments in the energy sector and power generation projects of about 5000 megawatt ywere set up, he added.
The President said that this time again, the elected government was striving bard to encourage power projects, both in public and private sector not only to meet the existing demand but also to cater to the future energy needs of the country.
“I have been told that Energy Update is projecting all aspects of the energy sector and highlighting its true potentials to not only the local investors but also the overseas investors”.
“I hope that the magazine will supplement government’s efforts in achieving self sufficiency in energy supply to ensure the continuity of a sustainable growth in country’s economy”, he noted.
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