Project company

The company is expected to start production in 2018

ISLAMABAD:


Sindh Engro Coal Mining Company (SECMC), which works in Thar on coal-based power generation, announced that it will be able to supply 660 megawatts of electricity to the national grid by the first quarter of 2018 if the financial closure of the project is achieved this year.

Speaking to the media during a two-day visit to the Thar coalfield, SECMC chief executive Shamsuddin Ahmad Shaikh said the company, a joint venture partner of the Sindh government, was working on the upgrade. in place of two power plants of 330 MW each to generate electricity from coal in the first phase of the project.

He said the area of ​​Block II of the Thar field, spread over 5,925 acres, had been allocated to SECMC. It requires an injection of $ 2 billion, of which $ 0.9 billion will be spent on mining and $ 1.1 billion will go to the development of coal-fired power plants.

This coal mining and power generation project is part of the Pak-China economic corridor for which a bank will organize 60 billion rupees, while the rest of the money will be provided by China. “We are aiming for financial close by mid-2015,” Shaikh said.

Considering that Tharparkar ranks at the bottom of the Sindh Social Development Index, the company has decided to spend 10% of the cost of the project on relocation and procurement, while 2% (before taxes) will be spent. under the social responsibility of the company.

“We would provide as many jobs as possible for the people of Thar, in addition to ensuring adequate water supply, health and education facilities,” he said.

Stakeholders and shareholders had so far injected 3.8 billion rupees into the project, he said, adding that the project of such magnitude needed government support to provide infrastructure. At first, Shaikh said he was grateful to the Federal and Sindh governments for their support and keen interest in the project.

He said work had started on three of the six segments for the rehabilitation of the road from Thatta to Islamkot while PC-1 for a 500-kilovolt-amp 250 km transmission line had been approved.

The National Transmission and Dispatch Company (NTDC) ensured the timely availability of the transmission lines and the government of Sindh has agreed to provide funds for this purpose.

Posted in The Express Tribune, January 21st, 2015.

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