Thar Coal Mine-Power Project : Shanghai Electric reaches financial close for coal mine project
Thar Coal Mine-Power Project : Shanghai Electric Group has reached a financial close for the coal mine project out of the 1.32GW Thar Block-1 Integrated Coal Mine-Power Project in Pakistan’s Sindh Province.
The Thar coalfield holds an estimated lignite resource of over 175 billion tons. It is spread over an area of more than 9,000 square kilometers in the Thar Desert in the southeastern part of the Pakistani province.
For Thar Block-1 Integrated Coal Mine-Power Project, the coal mine is planned to have an annual production capacity of 7.8 million tons. The coal-based power plant will have a couple of 660MW coal-fired power plants.
The coal mine cum power project will produce enough power for four million households in Pakistan. It is being developed under the China-Pakistan Economic Corridor (CPEC) program.
More than 900 people are employed for the Thar Coal Mine-Power Project and more are expected to be roped in during its peak construction phase.
Qian Xiaolei – PR Manager of Thar Coal Block-1 Power Generation Company said: “We are proud to help bring the country its first large-scale, local coal-based electricity project. We are also grateful to the local government for their support.”
Shanghai Electric has already started the construction of the two power plants in the Thar Coalfield as part of the Thar Coal Mine-Power Project, which are expected to begin operations in 2022.