News & Event 

Engro may add 660MW coal power by 2018

Oct 21, 2014

 

The Sindh Engro Coal Mining Company (SECMC) would be able to supply 660MW coal-based electricity to the national grid by the first quarter of 2018, if the project’s financial closure was made in 2015, a statement quoted SECMC Chief Executive Officer (CEO) Shamsuddin Ahmad Shaikh, as saying. Shaikh said SECMC being a joint venture of the provincial government is working to set up two power plants of 330MW each to generate electricity from coal in the first phase of the project. The field’s Block-II land, measuring 5,925 acres, had been allotted to SECMC. The project requires $2 billion and of the total, $0.9 billion will be spent for mining purposes, while $1.1 billion will be required for setting up coal-based power plants, he said. This project is the part of Pak-China Economic Corridor for which a bank will arrange a fund of Rs60 billion, while the remaining money will be provided by China, Shaikh said.

 

Back Main