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Sindh Government to Auction Mining Blocks in Thar

Real Estate News
25 Sep 2019
Sindh Government to Auction Mining Blocks in Thar

Sindh Government to Auction Mining Blocks in Thar

Karachi: The government of Sindh has decided to auction four new mining blocks of Thar coal reserves to earn around USD 4-6 billion inflows. As per news source, Provincial Minister for Energy Imtiaz Ahmed Sheikh also mentioned that the Sindh government also intends to hand over the control of Thar airport to a private firm.

According to officials, China’s Shanghai Electric Power Company Limited is also expected to invest more than 2 Billion USD in the development of Thar coal mining blocks and a coal-fired power project. This investment is a chained sequence of the multi-billion dollar deal under China Pakistan Economic Corridor.

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