This project is being developed at Thar Block-II, and will utilize indigenous Thar Coal for power generation. Letter of Support has been issued to the project by PPIB and currently it is at advanced stages of achieving Financial Closure. In order to ensure timely completion of Project, the Sponsors have started construction activities prior to achieving Financial Close. The development pace on the project is satisfactory, hence it is anticipated that the project is likely to start generation by end 2020, said a press release.
This project is among the lot of 12 coal and hydro power projects of around 11000 MW being facilitated by the PPIB under the framework of China-Pakistan Economic Corridor (CPEC). A new + 660kV HVDC transmission line under CPEC is also being implemented by PPIB to evacuate electricity from new power generation units in the south and to transmit it to the load centres up north.
Shah Jahan Mirza, Managing Director PPIB stated that this latest development reaffirms GoP's commitment of making country self reliant in power generation and free of load-shedding.
He said the exploration of Thar Coal is opening a new chapter in the energy history of Pakistan and this dream has been realized through CPEC arrangement. CPEC is a real game changer in the field of energy because the prioritization of energy projects as part of the CPEC investments has enhanced the confidence of stakeholders in Pakistan's energy sufficiency. CPEC is covering the entire power sector value chain from fuel extraction (mining) to power generation and to end-user distribution.-PR
Copyright Business Recorder, 2017