330-megawatt Thar coal-power project secures funds

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ISLAMABAD: A 330-megawatt coal-power project at Thar Block-II has achieved financial close, with the Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza and Thar Energy Limited Chief Executive Officer Saleemullah Memon signing and sealing the deal.

Minister for Power Omar Ayub Khan welcomed the potential of 330MW to the national grid that will enhance sustainability and reliability in the power sector.

The project worth $497 million is jointly sponsored by Hub Power Company, Fauji Fertiliser and China Machinery and Engineering Corporation under the China-Pakistan Economic Corridor (CPEC) framework. China Development Bank and HBL are the lead financiers.

The project will utilise Thar coal from Sindh Engro Coal Mining Company (SECMC).

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