The Sindh Engro Coal Mining Company (SECMC) has announced that it has achieved the financial close of Phase II of Mining Project in Thar Block II. According to the statement the financial close for Phase II will enable the mine to be expanded from the existing 3.8 MT per annum to 7.6 MT per annum, which will feed coal to two additional 330 MW mine mouth power plants.
The main advantage of the expansion and the subsequent construction of the power plants will be the increased power output from Thar Block II to 1320 MW, while the basket coal tariff will also reduce by approximately 30% to USD 44/t (USD 3.99/MMBTU) and become cheaper than imported coal at port (USD 4.2/MMBTU).
CEO of SECMC Syed Abul Fazal Rizvi while commenting at the occasion said: “The expansion of this mining project is a key step towards ensuring energy security for Pakistan and delivering on our commitment to provide Pakistan with abundant, economical and indigenous energy source.”
SECMC is a joint venture of Government of Sindh, Engro Power-gen, Thal Limited (House of Habib), Hub Power Company (HUBCO), Habib Bank Limited (HBL), China Machinery Engineering Corporation (CMEC) and State Power International Mendong (SPIM). The company is mainly responsible for extracting lignite coal from Block II in Tharparkar.