TEL, ThalNova Signs Coal Agreement With SECMC

ISLAMABAD, (UrduPoint / Pakistan Point News - 22nd May, 2017 ) : With an aim to increase share of indigenous resource into the energy mix, the Sindh Engro Coal Mining Company (SECMC) Saturday signed two separate Coal Supply Agreements (CSA) with Thar Energy Limited (TEL) and Thal Nova for supply of 1.9 million ton of coal per annum each.

ThalNova is a joint venture between Thal Power (Private) Limited and Nova Powergen Limited subsidiaries of Thal Limited and Novatex Limited respectively, a press statement Monday said. TEL is the subsidiary of Hub Power Company Limited (Hubco), which is one of the largest IPPs in Pakistan.

Thar Energy Limited and ThalNova are setting up mine-mouth power plants of 330MWs each at Thar Coal Block II, fully capable of running 100 percent on Thar Coal. Both the power plants are scheduled to be commissioned by early 2020.

After commissioning of these two projects, SECMC would be mining 7.6 million ton per annum of coal from Thar Block-II which will reduce the coal tariff to approx. USD 41.35 per ton, which will be equivalent to imported coal on USD/MMBtu basis.