The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) advocated using Pakistan’s local coal reserves rather than imported coal to generate electricity.
The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) advocated using Pakistan’s local coal reserves rather than imported coal to generate electricity.
To address its vast local coal reserves for power generation while minimising environmental harm, Pakistan should adopt a safe and balanced strategy, the report recommended.
This will allow the nation to meet its energy needs without putting a strain on the economy. On Wednesday, PCJCCI President Moazzam Ghurki noted that coal was the most widely used inexpensive electricity-producing source, producing 36% of the world’s electricity at the time.
He added that Pakistan has significant coal reserves, particularly lignite coal, which China will import for $8 billion in 2021 from other nations rather than Pakistan due to a lack of technology and modern methods.
The Pakistani government should implement modern technology to provide miners with the most up-to-date equipment so they can work on the country’s coal reserves.
Fang Yulong, senior vice president of PCJCCI, expressed his opinions by stating that Pakistan has abundant coal reserves, particularly lignite coal, which China previously imported.
Balochistan, Punjab, and particularly Sindh contain Pakistan’s coal reserves, with the Thar Desert housing the country’s sixteenth-largest coal reserves. He emphasised that many European countries have been forced to restart their decades-old coal-based electricity plants in order to prevent energy shortages for their respective countries as a result of the ongoing conflict between Russia and Ukraine.
There have been 185 billion tonnes of coal reserves discovered in Pakistan, according to PCJCCI Vice President Hamza Khalid, but the lack of modern equipment has made it difficult to mine coal there.
The mission of the Pakistan China Joint Chamber of Commerce and Industry is to advance bilateral investment and trade between Pakistan and China. Since its establishment in 2013, PCJCCI has played an outstanding part in a number of Pakistan & China Projects.