Block-VI: Oracle Coalfields, PLC (UK)
Open-pit Coal Mining of 4 MTPA and 2 x 330 MW Power Plant
Project Cost (Mine): US$ 0.672 bn
Project Cost (Power): US$ 0.743 bn
– Feasibility Stage Tariff has been approved by TCEB.
– Aiming for Financial Close in 2018.
– JDA Signed with SEPCO China for Mining & Power Plant of 330 MW on mine mouth.
– Signed an agreement with Yanzhou Coal Mining Company Ltd for participation in mining project.
– The Company is in final stages of discussions with Sinosure and other equity providers for securing debt.
– For Land Acquisition the Company has hired the Services of Hagler Baily Pakistan in accordance with the Resettlement Framework Policy of Sindh Government.
– The ESIA has been approved by SEPA in January, 2014.