Sindh Engro Coal Mining Company

Sindh Engro Coal Mining Company (SECMC) is a joint venture corporation between the Government of Sindh and Engro Corporation founded in 2009 tasked to mine and establish power projects from the Block II of the Thar coalfield. Government of Sindh owns 51% of the company.[1]

SECMC projects include's under construction 660MW of power plant when completed in 2017. Its flagship project is based on 75:25 debt to equity ratio. The company raised $900 million from Chinese banks, $300 million from a Pakistani banking consortium and the remaining $400 million from sponsors.[2][3] SECMC is establishing another 600MV plant in partnership with State Power Investment Corporation.[4]

It would in total produce 3,960MW of electricity, in six phases, from the coal in Block II of the project. The first phase of 660MW would be completed within three and a half years, while a new unit of 660MW each would be added subsequently. A sum of $1.6 billion with $800 million component for the open pit mining and $800 million for the power plant have been invested in the project.[5][6]

References

  1. ↑ Recorder, Business. "SECMC's Thar coal mining project | Business Recorder". Business Recorder. Retrieved 2016-08-28.
  2. ↑ Work on Thar coal project finally starts
  3. ↑ Nawaz, Zardari launch Thar Coal power project
  4. ↑ "Sindh Engro Coal Mining Company and China Power International signed MoU to set up 6,000 MW Power Plants -". Retrieved 2016-08-28.
  5. ↑ Power woes: Nawaz, Zardari launch Thar coal project
  6. ↑ Sindh Engro Coal Mining Company- exploring the untapped potential of pakistan’s ample coal reserves
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