KARACHI: The financial close of the 1,320 megawatts (MW) power plant in Block-I, expansion of Block-II for installation of another 660MW power plant are milestones in development of Thar coal towards achieving energy self sufficiency for the country, said Sindh Chief Minister Syed Murad Ali Shah.

Speaking at the Conference on Public Announcement Financial Close of two Mines on Wednesday, he said that with the financial close, $1.301 billion will be invested in Thar for generation of 1,980MW electricity and development of two coal mines with production of 10.6 million tonnes per annum (mtpa).

It may be noted that Sino Sindh Resources limited, a Chinese company, has achieved a financial close of $1.06bn for development of 7.8mtpa coal mine in Block-I of Thar coal fields. The mine will supply coal to 1,320MW coal-fired power plant and fetch $2bn in foreign direct investment.

The CM also highlighted the financial close of $215m attained for developing the second phase of 3.8mtpa coal mine as an expansion to the first phase of Sindh Engro Coal Mines Company (SECMC) in Thar coal Block-II, thus reaching 7.6mtpa production under both phases.

Under the first phase, 660MW of power is already being generated by utilising coal from the mine. The second phase will also generate another 660MW with additional $1bn FDI.

Further, he said the announcement of contract stage first-year tariff of $42.45 per tonne of Thar coal by the Thar Coal Energy Board for mines of size 7.8mtpa will provide energy to the country at $3.8 per mmBtu in two years.

He also added that the Thar coal price was fast becoming competitive and in near future, clean-coal technologies would be employed for coal to liquids (diesel) and surface gasification leading to urea production plants that would be setup under the China-Pakistan Economic Corridor in Block-VI of Thar coal fields.

Published in Dawn, January 2nd, 2020

Opinion

Pariah regimes
21 Sep 2021

Pariah regimes

The world usually struggles to tame even real pariah and rogue regimes.

Editorial

What’s the game?
21 Sep 2021

What’s the game?

Such brinkmanship is being fuelled by incendiary rhetoric as well as inflexible demands of a unilateral nature.
21 Sep 2021

Gas price hike

THE proposed hike of 24pc-37pc in the gas price of the top 23pc residential consumers, who account for 43pc of the...
21 Sep 2021

Green Line buses

AT long last, the first batch of vehicles for Karachi’s Green Line bus project arrived from China on Sunday,...
20 Sep 2021

Banking for women

AS the old adage goes, the proof of the pudding is in the eating. How far the new State Bank initiative —...
Off the red list
Updated 20 Sep 2021

Off the red list

There are aspects of coronavirus management, especially by developed nations towards those less so, that smack of discrimination.
20 Sep 2021

Exciting frontiers

HISTORY was made on Wednesday at the Kennedy Space Centre in Cape Canaveral. It was not the launch of the first, or...