SINDH ENGRO COAL MINING COMPANY LIMITED (SECMC)

SINDH ENGRO COAL MINING COMPANY LIMITED (SECMC)

The Company holds 8% stake in the Sindh Engro Coal Mining Company, a joint venture between the Company, Engro, Thal Limited, HBL, CMEC and Government of Sindh, which has established a coal mine at Thar which has the seventh largest reserves of coal in the World.

The SECMC successfully unearthed the first layer of coal in June 2018 and has also completed the 60-day testing period of steady state production of on-specification coal. During the project, 28 million safe man hours completed without a lost workday injury (LWI). The Coal Supply to 2x330MW Engro Powergen Thar Private Limited is in progress as per Coal Supply Agreement (CSA).

SECMC achieved Commercial Operations for Phase I on July 10, 2019, and will be embarking to double its coal mining capacity from current 3.8 MTPA to 7.6 Mt/annum to cater for the two additional 330MW Power Plants including Thar Energy Limited and ThalNova Power Thar (Pvt.) Limited.

Sponsors

Public-Private Partnership between the Gov’t of Sindh and Private Sector (Engro, Thal Limited, HBL, HUBCO, CMEC and CPIM)

Equity ratio

Gov’t of Sindh - 55%, Engro - 12%, HUBCO - 8% and others - 25%

Project cost

$1,259m for 3 phases  

Scope

Phase I - 3.8 MTPA, Phase II - 7.6 MTPA and Phase III - 15 MTPA

Location

Thar Block-II

Technology

Engro Powergen Thar, Thar Energy Limited, ThalNova, Lucky, Siddiqsons, Bitra

EPC

CMEC

HUBCO’s participation

Board and board committees

Project milestones

COD for Phase I achieved on 10 July 2019. Financial close for Phase II achieved on 31 Dec 2019