LAHORE: Sindh Engro Coal Mining Company (SECMC) is planning to build a 600 megawatt (MW) power plant in approximately three and half years under a phased approach and expanding it to 1,200MW that will yield a power tariff of approximately 8 cents per kilowatt hour (kWh).
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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