SECMC has mobilised its site team and completed the demarcation and survey work for acquiring the required land to start mining works. PHOTO: FILE
The project was discussed at the quarterly board of directors meeting for the second quarter in 2013. SECMC is a joint-venture between Government of Sindh and Engro Corporation. The meeting was held under the chairmanship of Zubair Motiwala where the directors discussed the project along with the quarter’s performance.
At ultimate capacity of a single mine, SECMC will be able to produce 3,600MW in less than 10 years at a power tariff below 6 cents per kWh. This amount is less expensive than any other conventional fuel including hydro-based power. Board was further informed that the SECMC has mobilised its site team and completed the demarcation and survey work for acquiring the required land to start mining works. The company has met several international and local financial institutions and investors who have expressed a strong interest in financing the project. The board members appreciated the efforts of the company to move the project in the right direction.
The chairman advised the company management to complete all the formalities including coal and power tariff approvals and expedite their efforts on achieving financial close enabling the start of mine construction within the foreseeable future.
The board expressed its satisfaction and appreciated the role of Government of Sindh on the progress made on all the infrastructure projects including road network rehabilitation, effluent disposal scheme, fresh water supply scheme and construction of Islamkot International Airport near Mithi and Islamkot, Sindh.
Published in The Express Tribune, August 1st, 2013.
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engro also owns the largest Urea plant in the world. it is called Enven!
@unbelievable: Engro is Pakistan's biggest conglomerate. It is a bought out company of Exxon Mobil which happens to be the biggest oil and gas exploration giant in the world. After being bought out, Engro transformed into a fertilizer business, a totally unrelated line, then after that they started polymer business, even more diverse line of business, then they landed in food business, which by no means is related to fertilizers. There are more then one projects and their specialty is the diverse nature of their business. They own the only off shore polymerization plant in Pakistan which would be used in case LNG is imported in Pakistan. So when you say Engro, they don't need experience to land into any business. They need commitment which they have tons of.
Every month or two ET runs a Engro Coal Mining article (probably written by Engro) - usually making a pronouncement that That Coal production will start in the next month - guess they are b-passing coal production and now focusing on building a Coal Fired Plant without any fuel to run it. The reality is that Egnro Coal Mining is a shell company who's only asset is a Thar Coal lease - has no expertise in Coal Mining let alone building Coal Fired Plants.