Sindh Engro Coal Mining Company (SECMC) is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

corporation between the

Government of Sindh The Government of Sindh ( sd, حڪومت سنڌ) ( ur, ) is the provincial government of the province of Sindh, Pakistan. Its powers and structure are set out in the provisions of the 1973 Constitution, in which 30 Districts of 7 Divisions un ...

, Hubco and

Engro Corporation Engro Corporation (Engro), ( ur, ) is a conglomerate headquartered in Karachi. Founded as a fertilizer business in 1965, it is one of the largest companies in the country that employs over 2,600 individuals across the Group and has operatio ...

founded in 2009 tasked to mine and establish power projects from the Block II of the

Thar coalfield The Thar coalfield is located in Thar Desert, Tharparkar District of Sindh province in Pakistan. The deposits—16th-largest coal reserves in the world, were discovered in 1991 by Geological Survey of Pakistan (GSP) and the United States Agency f ...

Tharparkar Tharparkar (Dhatki language, Dhatki/ sd, ٿرپارڪر, ur, ), also known as Thar, is a district in Sindh province in Pakistan headquartered at Mithi. Before Indian independence it was known as the Thar and Parkar district. The district is t ...

. Government of Sindh owns 51% of the company. SECMC projects include's under construction 660MW of power plant when completed in 2017. Its flagship project is based on 75:25 debt to equity ratio. The company raised $900 million from Chinese banks, $300 million from a Pakistani banking consortium and the remaining $400 million from sponsors. SECMC is establishing another 600MV plant in partnership with

State Power Investment Corporation State Power Investment Corporation Limited (abbreviation SPIC) is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Tec ...

. It would in total produce 3,960MW of electricity, in six phases, from the coal in Block II of the project. The first phase of 660MW would be completed within three and a half years, while a new unit of 660MW each would be added subsequently. A sum of $1.6 billion with $800 million component for the open pit

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...

and $800 million for the power plant have been invested in the project.

References

{{Portal, Pakistan, Energy Coal in Sindh Companies of Pakistan Dawood Hercules Corporation Energy companies established in 2009 Energy in Sindh Pakistani companies established in 2009