Sindh Engro Coal Mining Company
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Sindh Engro Coal Mining Company (SECMC) is a Pakistani
coal mining Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...
company based in
Karachi Karachi is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul ...
. It is a subsidiary of the
Government of Sindh The Government of Sindh () () 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 ju ...
.


History

Sindh Engro Coal Mining Company was established in 2009 as 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 acce ...
between the
Government of Sindh The Government of Sindh () () 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 ju ...
and
Engro Corporation Engro Corporation Limited, formerly Engro Chemicals Pakistan Limited, and commonly known as Engro ( ), is a Pakistani conglomerate (company), conglomerate headquartered in Karachi. It was founded as Esso Fertilizer in 1965 by Esso. Its subsidiar ...
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 ...
in
Tharparkar Tharparkar (Dhatki language, Dhatki/; , ), 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 (1901⁠–⁠1947) or Eastern Sindh Frontier Distr ...
.


Projects

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 Te ...
. 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 Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...
and $800 million for the power plant have been invested in the project.


References

{{Portal, Pakistan, Energy Government of Sindh Engro Coal in Sindh Mining in Pakistan Companies based in Karachi Energy companies established in 2009 Energy in Sindh Pakistani companies established in 2009