Energy Minister urges transition to local coal for economic, energy security

MG News | April 02, 2024 at 10:04 AM GMT+05:00

0:00

April 02, 2024 (MLN): The transition of local power plants from imported coal to local coal sources will not only generate cost-effective electricity but also significantly reduce the country's import bill, the Federal Minister for Energy, Sardar Awais Ahmed Khan Laghari emphasized during a meeting on Monday.

During the meeting, Minister Laghari emphasized the importance of shifting power plants to locally sourced coal.

He highlighted this initiative aims to reduce electricity costs and benefit consumers across the nation.

The Minister emphasized engaging all stakeholders to chart a comprehensive plan of action for a smooth transition to the local coal.

The transition to local coal aligns with the government's agenda of promoting self-sufficiency and economic sustainability.

It will directly impact consumers by offering more affordable electricity rates and contributing to overall economic stability.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,811.01 486.66M	9.32% 14137.55
ALLSHR	98,690.00 1,235.45M	8.71% 7903.14
KSE30	50,320.40 146.87M	9.54% 4381.57
KMI30	242,803.66 224.68M	9.54% 21151.46
KMIALLSHR	64,829.00 586.54M	8.72% 5197.88
BKTi	45,598.79 42.71M	9.45% 3937.65
OGTi	35,047.53 26.88M	9.68% 3093.42

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,540.00	73,080.00 70,055.00	2370.00 3.43%
BRENT CRUDE	95.50	96.27 90.40	-13.77 -12.60%
RICHARDS BAY COAL MONTHLY	105.40	105.50 105.40	-3.15 -2.90%
ROTTERDAM COAL MONTHLY	107.70	108.15 107.50	-5.10 -4.52%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	95.11	109.19 91.05	-17.84 -15.79%
SUGAR #11 WORLD	14.26	14.51 14.19	-0.32 -2.19%