Samiksha Jaiswal (Editor)

Sindh Engro Coal Mining Company

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Founded
  
2009

Parent organization
  
Engro PowerGen Limited

Sindh Engro Coal Mining Company wwwcitynewsnewswpcontentuploads201605SECMCpng

Thar coal project update by 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.

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. SECMC is establishing another 600MV plant in partnership with State Power Investment Corporation.

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.

References

Sindh Engro Coal Mining Company Wikipedia