330-megawatt Thar coal-power project secures funds

ISLAMABAD: A 330-megawatt coal-power project at Thar Block-II has achieved financial close, with the Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza and Thar Energy Limited Chief Executive Officer Saleemullah Memon signing and sealing the deal.

invest with imarat

Islamabad’s emerging city centre

Learn More

Minister for Power Omar Ayub Khan welcomed the potential of 330MW to the national grid that will enhance sustainability and reliability in the power sector.

The project worth $497 million is jointly sponsored by Hub Power Company, Fauji Fertiliser and China Machinery and Engineering Corporation under the China-Pakistan Economic Corridor (CPEC) framework. China Development Bank and HBL are the lead financiers.

The project will utilise Thar coal from Sindh Engro Coal Mining Company (SECMC).

For news and blogs visit Graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

12 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago