Sindh Engro Coal Mining Company
Sindh Engro Coal Mining Company is a joint venture corporation between the Government of Sindh and Engro Corporation, which mine's coal from Thar coalfield. Still under construction it will initially provide 660MW of power when completed in 2017. Its flagship project is based on 75:25 debt to equity ratio. The company envisages raising $900 million from Chinese banks, $300 million from a Pakistani banking consortium and the remaining $400 million from sponsors.[1][2]
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 and $800 million for the power plant have been invested in the project. Explaining the potential of coal in Thar, he said Block II with its 2 billion tons of coal reserves, out of which 1.5 billion tons were economically recoverable, was just one per cent of the total coal deposits in Thar.[3][4]