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SECMC signs dual agreements for supply of 3.8mn tonnes of coal

  • May 22, 2017

“Thar Energy Limited and ThalNova are environment adult mine-mouth appetite plants of 330 MWs any during Thar Coal Block II, that will entirely able of using 100 per cent on Thar coal. Both a appetite plants are scheduled to be consecrated by early 2020,” reads a statement.

After commissioning of these dual projects, SECMC would be mining 7.6 million tonnes per annum of spark from Thar Block-II that will revoke a spark tariff substantially, pronounced a press matter adding that a reduced tariff will be around USD41.35 per tonne, that is homogeneous to alien spark on USD/MMBtu basis.

The CSA was sealed by SECMC CEO Shamsuddin Shaikh, since Khalid Mansoor CEO of HUBCO and Thar Energy Limited, Khalid Siraj Subhani CEO and Rana Zulfiqar, COO of ThalNova also sealed a agreements during a rite hold during SECMC’s Office.

SECMC, CEO, Shamsuddin Shaikh pronounced that a association aggressively posterior enlargement of a mining plan with an aim to residence electricity necessity in a nation and to yield affordable electricity to a public.

He was of a perspective that a growth of inland spark is essential to safeguard a appetite confidence of Pakistan in a prolonged run. “It will not usually turn cheaper than a alien spark as a cave expands, it will also minister in other advantages like boost in practice opportunities and assets of unfamiliar exchange,” he said.

In Apr 2016, SECMC and Engro Powergen Thar Limited (EPTL) achieved total financial tighten to supply 3.8mn tonnes per annum of spark to EPTL. Currently, a plan to cave 3.8 MTPA and 660 MWs appetite plant is surpassing forward of report and is approaching to go online by Jun 2019.

ThalNova is a corner try between Thal Power (Private) Limited and Nova Powergen Limited subsidiaries of Thal Limited and Novatex Limited respectively. Thar Energy Limited (TEL) is a auxiliary of Hub Power Company Limited (Hubco), that is one of a largest IPPs in Pakistan.

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