KARACHI: Jamshoro Energy Firm Restricted (JPCL) on Monday signed a memorandum of understanding (MoU) with Sindh Engro Coal Mining Firm (SECMC) for procurement of lignite from deposits located in Block-II of Thar coal discipline.
This is part of the transfer to utilise indigenous coal for energy technology.
JPCL Chief Government Officer Muhammad Sabir Hanif and SECMC CEO Shamsuddin Ahmed Shaikh signed the MoU on the view level of Pakistan’s first open-pit coal mining in Thar Coal Block II.
JPCL will procure as much as 20 per cent of the entire coal requirement from SECMC for its proposed coal-fired energy plant, which would require as much as 800,000 tonnes yearly as per JPCL’s preliminary feasibility examine of its undertaking and the directives of the Council of Widespread Pursuits (CCI).
JPCL is a state-owned company entity which intends to construct a 1,320 MW tremendous vital coal-based energy plant inside the current premises of Thermal Energy Station at Jamshoro with the target so as to add capability with extremely environment friendly and environmental pleasant know-how.
GENCO Holding Firm Restricted (GHCL) is the executing company whereas JPCL is the implementing company of the undertaking. The undertaking might be funded with a mortgage from Asian Growth Financial institution and Islamic Growth Financial institution.
Mott MacDonald Restricted, in a three way partnership with MM Pakistan (Pvt) Ltd, is the undertaking implementation guide.
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