Sindh Engro Coal Mining Company
 | |
| Company type | Unlisted public company |
|---|---|
| Industry | Coal |
| Founded | 2009 |
| Headquarters | , Pakistan |
Area served | Sind |
Key people | Amir Iqbal (CEO) |
| Revenue |  Rs. 109.407 billion (US$380 million) (2023) |
| Rs. 29.160 billion (US$100 million) (2023) | |
| Total assets | Rs. 232.904 billion (US$810 million) (2023) |
| Total equity | Rs. 81.490 billion (US$280 million) (2023) |
| Owners | Government of Sindh (54.70%) Thal Limited (11.90%) Liberty Textile (11.90%) Hubco (8%) Habib Bank Limited (9.5%) Huolinhe Open Pit Coal Investment (8.5%) CMEC Thar Mining Investments (4%) |
| Parent | Government of Sindh |
| Website | secmc |
| Footnotes / references Financials as of 31 December 2023[update] [1] | |
Sindh Engro Coal Mining Company (SECMC) is a Pakistani coal mining company based in Karachi. It is a subsidiary of the Government of Sindh.[2]
History
[edit]Sindh Engro Coal Mining Company was established in 2009 as a joint venture between the Government of Sindh and Engro Corporation to mine and establish power projects from the Block II of the Thar coalfield in Tharparkar.
Projects
[edit]SECMC projects include's under construction 660MW of power plant when completed in 2017. Its flagship project is based on 75:25 debt to equity ratio. The company raised $900 million from Chinese banks, $300 million from a Pakistani banking consortium and the remaining $400 million from sponsors.[3][4] SECMC is establishing another 600MV plant in partnership with State Power Investment Corporation.[5]
It would in total produce 3,960MW of electricity, in six phases, from the coal in Block II of the project. The first phase of 660MW would be completed within three and a half years, while a new unit of 660MW each would be added subsequently. A sum of $1.6 billion with $800 million component for the open pit mining and $800 million for the power plant have been invested in the project.[6]
References
[edit]- ^ "Sindh Engro Coal Mining Company Annual Report 2023". Retrieved 2 November 2024.
- ^ Qureshi, Shujauddin; Shaukat, Zeenia. "Thar Coal Project and Local Community. Documenting Views and Experiences of Stakeholders" (PDF). Boell Stiftung. Boell Foundation. Retrieved 21 August 2021.
- ^ Hasan, Saad (30 January 2014). "Work on Thar coal project finally starts It is not just talk this time, says SECMC CEO". Express Tribune. Retrieved 21 August 2021.
- ^ "Nawaz, Zardari launch Thar Coal power project". The Nation. 1 February 2014. Retrieved 21 August 2021.
- ^ "Sindh Engro Coal Mining Company and China Power International signed MoU to set up 6,000 MW Power Plants -". Retrieved 2016-08-28.
- ^ Ali, Z (1 February 2014). "Power woes: Nawaz, Zardari launch Thar coal project". Express Tribune. Retrieved 21 August 2021.
