A 1320MW coal-fired power generation project signed

Pakistan has signed an implementation agreement (IA) with a Chinese company for a 1320MW coal-fired power generation under the CPEC umbrella project.
Shah Jahan Mirza, Managing Director PPIB and Meng Donghai, CEO Thar Coal Block-I Power Generation Company Limited (TCB-I) signed the documents.
The implementation agreement (IA) of Pakistan’s largest Thar coal-based power generation project of 1,320 MW power generation capacity has been signed at PPIB for materializing the financing of 1,912.2 million US$ as the cumulative project cost. The project is based on Super Critical Technology.
The 1,320 MW Shanghai Electric Thar Block-1 Coal Project is being developed under the umbrella of China-Pakistan Economic Corridor (CPEC) through Project Company i.e. TCB-I while Shanghai Electric Group Company is the main sponsor of the project. The project will utilize Thar coal supplied by Sino Sindh Resources Limited which is executing coal mining operations for coal extraction in the Thar coalfield Block-I.
The letter of Support has already been issued to the project by PPIB while financial closing is expected to be achieved very soon.