Sino-Sindh Resources Ltd (SSRL) is 100% owned by Global Mining (China) Co. which is a BVI incorporated company formed for the purposes of investing in Thar Coalfields by its shareholders.
SSRL is going to establish an open-pit coal mine for 7.8 MTPA in Thar Block-1 and two mine mouth 2 x 660 MW Power Plants to be operated on indigenous coal i.e Lignite. Initially the mine would have capacity of 7.8 mtpa, to be scaled up to 25mtpa. This project is included in the Early Harvest Projects under China-Pakistan Economic Corridor.
Sino-Sindh Resources (SSRL) and Shanghai Electric Group Co., Ltd (SEC) have initialed a Coal Supply Agreement, in which SSR will extract coal from Block-I and supply to SEC for power generation through 2 x 660MW mine mouth power plants.
China Coal Technology and Engineering Group Corp, (CCTEG) has been formed by SINOCOAL is going to take over majority stake in mining part of project for 7.8 mta mine at Thar Coalfield Block-I by SSRL.
SSRL says contingent upon Financial Close which is due in Q2 2017, mine commercial production is expected by Q4 2019.
ESIA has been completed by EMC, on the basis of which NOC has been acquired from SEPA
Renowned Chinese EPC Contractors have been appointed to initiate developmental & civil works who has committed to complete mine within 27 months.
Land & Socioeconomic survey completed.
Feasibility stage coal tariff approved by TCEB.
LOI from ICBC & Sinosure at place for mining.
Application for Upfront Tariff for Power Plant submitted to NEPRA.
According to the SSRL Petition, total Project Cost is estimated to be USD 0.950 billion, to be funded by a 75-25 Debt-Equity ratio.