Thar Energy’s 330 MW mine-mouth

The powerhouse will be fed by the coal from Thar Coalmine Field’s Block – II. The documentation is already ready, reports say.
The Project costs US$ 497 million funded by China Development Bank and Habib Bank Limited.
Saleemullah Memon, Chief Executive Officer (CEO) of Thar Energy Limited and Shah Jahan Mirza, Managing Director PPIB signed documents in January 2020 in a ceremony in the federal capital.
The Implementation Agreement for the project had already been signed in November 2017.
The project is jointly sponsored by HUB Power Company Limited, Fauji Fertilizer Limited and China Machinery and Engineering Corporation under the China-Pakistan Economic Corridor (CPEC) framework.
The plant will utilize local Thar Coal which will be supplied by the Sindh Engro Coal Mining Company (SECMC) from its mines to be opened in phase – II.
Following the implementation of the project, the overall coal price is said to be reduced from $64/ton to $44/ton and thus reduce the power tariff by Cents 1.6/KWh (i.e. around Rs. 2/KWh).
A report says after the commercial operation of this project, around Rs. 18 billion per year would be saved on account of foreign exchange while Rs. 260 billion per year would be saved by the year 2022 when all Thar coal-based projects of 5,000 MW would be operational. As a result, electricity tariff would be reduced to around Cents 5/KWh.
The Sponsors are very keen to complete this project by March 2021 and for achieving this target, they have already started construction activities ahead of financial close as a result so far, 40% work has already been completed. The project will be connected with the Matiari-Lahore Transmission Line for the transmission of electricity