ISLAMABAD: The Implementation Agreement (IA) of Pakistan’s largest tharcoal-based power generation project of 1,320 MW power generation capacityhas been signed at Private Power and Infrastructure Board (PPIB) formaterialising the financing of $1.912 billion as the cumulative projectcost, meanwhile the project is based on state of the art Super CriticalTechnology (SCT).
Federal Minister for Energy Omar Ayub Khan who is also the Chairman of PPIBhas highly appreciated PPIB’s efforts to expedite processing of IndependentPower Producers (IPPs) based on indigenous fuel.
PPIB Managing Director Shah Jahan Mirza and Thar Coal Block-I PowerGeneration Company Limited (TCB-I) Chief Executive Officer Meng Donghaisigned the agreement. Signing was witnessed by senior officials of PPIB andTCB-1. Earlier, the Power Purchase Agreement (PPA) of the project hadalready been executed.
The 1,320 MW Shanghai Electric Thar Block-1 Coal Project is being developedunder the umbrella of China-Pakistan Economic Corridor (CPEC) through TCB-Iwhile M/s Shanghai Electric Group Company is the main sponsor of thisproject.
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The project will utilize Thar Coal supplied by Sino Sindh Resources Limitedwhich is executing coal mining operations for coal extraction in the Tharcoalfield Block-I.
The letter of support has already been issued to the project by PPIB whilefinancial closing is expected to be achieved very soon. It is anticipatedthat Shanghai Electric Thar Block-1 Coal Project will start generatingelectricity from March 2021.
