JV Project between GOS-Engro Group Block II

BLOCK-II: Sindh Engro Coal Mining Company

(JV: 51%  GoS; 49% Engro+ affiliates)

Project: Open-pit Coal Mining of 3.8 MTPA up to 7.6 MTPA (Phase-I) and   2 x 330 MW Power Plant.

Project Cost (Mine): US$ 0.85 bn

Project Cost (Power): US$ 1.1 bn

  – Coal Supply Agreement with Engro Power Thar Ltd. signed.

  – Financial Close & Contract Stages Coal Tariff Approved by TCEB for 3.8Mtpa and 7.6 Mtpa mine respectively

  – 50 bn Agreements for Local Financing signed

  – Mining & Power EIA issued

  – On June 10, 2018 SECMC unearthed the first layer of indigenous coal from its open-pit coal mine at a depth of 140 meters below the surface

  – Resettlement Action Plan has been approved

  – Working to develop the technical Feasibility Study (FS) for Mine expansion up to 13.3 Mt/a & beyond

  – SECMC is contemplating to expand mine to 19Mtpa by 2022