KARACHI: Sindh Carbon Energy Limited (SCEL), a subsidiary of Oracle Coalfields PLC, will provide coal and water to Karachi Electric Supply Company’s (KESC) new 300 megawatts (MW)power plant in Thar under the joint development agreement. The SCEL will fuel a 300MW coal-fired power plant, with a potential to produce 1,100MW, to be constructed by KESC adjacent to Oracle’s planned coal mine in block VI of Thar coalfield in Sindh. The agreement supersedes a memorandum of understanding signed between two groups in 2009. Oracle Chief Executive Shahrukh Khan said, “The agreement is a hugely positive step in the development of the company’s project in Sindh. It follows shortly after mining lease that the company was granted on April 12, 2012, and represents significant progress towards our goal of becoming a major coal producer in Pakistan. The agreement with KESC brings security in the form of a major purchaser for our product.”
Published in The Express Tribune, June 28th, 2012.
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