Sindh inks agreements for Thar coal project

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Another important milestone has been achieved for both mining and associated power plant activities in Thar Coal Block-II as the government of Sindh has signed implementation agreement with Sindh Engro Coal Mining Company and Water Utilisation Agreement with Engro Powergen Thar Limited.

Under the implementation agreement with Sindh Engro Coal Mining Company, the government will commit to provide all required infrastructure to facilitate the mining project amounting to USD 600 million (PKR 60 billion).

The joint venture agreement under which SECMC was formed provides the government of Sindh with majority shareholding in the company (51pc) and responsibility for the provision of key infrastructure such as road networks, airport facilities, water supply scheme, effluent disposal scheme as well as all required security for expatriate employees who are expected to arrive in the area early next year. The signing of this agreement represents the provincial government’s continuous support in expediting the timely execution of the Thar coal project and furthers its resolve to encourage economic prosperity in the country by facilitating the requirements of investors for the financial close of SECMC’s mining project.

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