Sindh Engro Coal Mining Company
Sindh Engro Coal Mining Company (SECMC) is a joint venture corporation between the Government of Sindh, Hubco and Engro Corporation founded in 2009 tasked to mine and establish power projects from the Block II of the Thar coalfield in Tharparkar. 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. 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 ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 under its authority and jurisdiction. The province's head is the Chief Secretary is appointed by the Prime Minister of Pakistan. The Chief Secretary of Sindh is usually a Grade 22 officer, belonging to the Pakistan Administrative Service. Although the Governor is the head of the province on paper, it is largely a ceremonial position; and the main powers lie with the Chief Minister of Sindh and Chief Secretary of Sindh. The province is governed by a unicameral legislature with the head of government known as the Chief Minister. The Chief Minister, invariably a leader of a political party represented in the Assembly, selects members of the provincial Cabinet. The terms ''Government of Sindh'' or ''Sindh Government'' are often used i ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 operations in a diverse range of businesses. With a core purpose to solve the pressing issues in Pakistan, Engro operates through the following four verticals: Food & Agriculture, Energy & Related Infrastructure, Petrochemicals, and Telecommunication Infrastructure. Significant Engro subsidiaries include Engro Fertilizers, Engro Eximp Agriproducts, Engro Eximp FZE, Engro Energy, Engro Powergen Qadirpur, Engro Powergen Thar, Engro Elengy Terminal, Engro Vopak Terminal, Engro Polymer & Chemicals and Engro Enfrashare. Further, the notable Associate/ joint venture companies include FrieslandCampina Engro and Sindh Engro Coal Mining Company. History In 1957, Esso-Mobil discovered the region’s largest gas reserves within the Mari District. In 196 ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 for International Development. Pakistan has emerged as one of the leading countries in coal production, making coal an important part of the economy of Pakistan and Sindh province —seventh in the list of top 20 countries of the world after the discovery of huge lignite coal resources in Sindh. The economic coal deposits of Pakistan are restricted to Paleocene and Eocene rock sequences. It is one of the world's largest lignite deposits discovered by GSP in 1990s, spread over more than 9,000 km2. comprise around 175 billion tonnes sufficient to meet the country's fuel requirements for centuries. Sindh Engro Coal Mining Company mines coal from the field. Location The Thar coalfield is located approximately between Latitudes ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Tharparkar
Tharparkar ( 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 the largest in Sindh, and has the largest Hindu population in Pakistan. It has the lowest Human Development Index rating of all the districts in Sindh. Currently the Sindh government is planning to divide the Tharparkar district into Tharparkar and Chhachro district. History The name Tharparkar originates from a portmanteau of the words Thar (referring to the Thar Desert), and parkar (meaning "to cross over"). The Thar region was historically fertile, although it was mostly desertified between 2000 and 1500 BC. Before its desertification, a tributary of the Indus River was said to flow through the region; it is speculated by some historians that this river could be the ancient Sarasvati River mentioned in the Hindu ''Rigveda''. The Thar region is also ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 Technology Corporation (SNPTC) in 2015. SPIC is the parent company of listed companies China Power International Development (known as China Power), Shanghai Electric Power, Yuanda Environmental Protection, etc. History In 2015 China Power Investment Corporation (also known as CPI Group) and State Nuclear Power Technology Corporation (abb. SNPTC) merged. Before the deal, they were both directly owned by and majority controlled by the State-owned Assets Supervision and Administration Commission of the State Council respectively. China Power Investment Corporation was the surviving legal person, but renaming to State Power Investment Corporation, while State Nuclear Power Technology Corporation became a subsidiary. SPIC also re-incorpora ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desire ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Coal In Sindh
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous ( Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some iron ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Companies Of Pakistan
A company, abbreviated as co., is a legal entity representing an association of people, whether natural Nature, in the broadest sense, is the physical world or universe. "Nature" can refer to the phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are ..., Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incor ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Dawood Hercules Corporation
Dawood Hercules Corporation Limited ( Urdu1, داؤد ہرکولیس کارپوریشن, DH Corp.) is a publicly listed investment and holding company headquarterd in Karachi, Pakistan. It operates two subsidiaries, Engro Corporation and EmpiricAI. History In 1968 Dawood Hercules Chemicals Ltd. was formed as a joint venture betweeDH fertilizer limitedand the American company Hercules Inc. The fertilizer plant in Chichoki Mallian, Sheikhupura, Punjab was constructed in 1969. This was the first private sector venture to receive a loan from the World Bank. The factory was the largest ammonia/urea plant in the country at the time. Dawood Hercules Chemicals remained as a joint venture between the family-driven business and the American partners for over 20 years until the majority takeover in 1990. In 1997 the Dawood Hercules Chemicals began equity investments in Engro Corporation, and 27% of its shares were acquired. In 2002 the company expanded its long-term investment in ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Energy Companies Established In 2009
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object tha ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Energy In Sindh
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object tha ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |