Karachi, August 30, 2023 – The China Machinery Engineering Corporation (CMEC) has issued a stern warning, indicating its intention to halt work at the Thar coal mines if outstanding payments are not cleared by September 10, 2023.
(more…)Tag: Thar Coal Field
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LC restrictions taking toll on Thar coal power generation
Restrictions on Letters of Credit (LC) are taking a toll on the economy, particularly on crucial needs such as power generation. The latest development is that coal mining from Thar Block II may be impacted by LC restrictions.
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PM Sharif inaugurates 1650MW Thar coal-fired electricity plants
THARPARKER: Thar coal-fired power plants will generate about 1650 MW electricity, which was inaugurated by PM Sharif on Wednesday.
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Hubco declares commercial operation date for 1320MW coal-based power plant
KARACHI: China Power Hub Generation Company (CPHGC) – a joint venture between The Hub Power Company Ltd. (HUBCO) and China Power International Holding – has declared the Commercial Operations Date (COD) of its 1320MW imported coal power plant and integrated jetty with coal transhipment capacity of 4.2 MTPA, a statement said on Sunday.
Developed in record time, as per schedule and within projected costs, the CPHGC project is a part of the early harvest energy projects under China Pakistan Economic Corridor (CPEC) framework, making it truly a project of national and strategic significance.
The plant will add 9 billion kWh of electricity to the national grid every year, meeting electricity needs of 4 million households in the country. The Project’s two units achieved synchronization with the National Grid on December 28, 2018 and May 28, 2019, respectively, while the Integrated Coal Jetty became operational in December 2018 with arrival of the first shipment of coal.
“The successful completion of CPHGC project has fortified the dream of energy independence of Pakistan. Since the synchronization earlier in May, we conducted extensive testing of the systems to make sure we deliver quality while keeping HSE as our top-priority. I am glad that this Pak-China synergy has resulted in engineering excellence and has fulfilled our promise of providing Pakistan with affordable and ample energy” said Khalid Mansoor, CEO HUBCO.
It is important to note that the Project has also delivered on various social commitments for improving the lives of the local community of Hub and Lasbella.
Together with its partners, CPHGC has setup a school in Gadani, a floating jetty for fishermen in Abbas Village and has conducted various training and development programs for the local youth of Balochistan.
The Pakistani principal of the project, The Hub Power Company Limited currently produces over 2920 MW through its four plants spread over Baluchistan, Punjab and Azad Jammu & Kashmir.
HUBCO is the only power producer in Pakistan with four projects listed in the CPEC out of which three are under-construction namely Thar Energy Limited (TEL) and Thalnova Power Thar (Pvt.) Ltd. and Sindh Engro Coal Mining Company (SECMC) at Thar Block II.
The power generation capacity of the Company will enhance to over 3580MW after completion of the aforementioned power projects.
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Engro starts commercial operation of 660MW coal-fired power project
KARACHI: Engro Powergen Thar (Private) Limited on Wednesday started commercial operation of its 660 Megawatts Coal-Fired power generation complex at Thar Block-II, District Tharparkar, Sindh.
In a notice to Pakistan Stock Exchange (PSX), Engro Corp said that a power purchase agreement on May 04, 2015 was entered into between Engro Energy Limited (EEL’s) subsidiary EPTL and the National Transmission and Dispatch Company Limited, through its Central Power Purchasing Agency on behalf of ex-WAPDA Distribution Companies, in relation to EPTL’s 660 MW (Gross) coal fired power generation complex at Thar Block-II, District Tharparkar, Province of Sindh, Pakistan.
It said that pursuant to the terms of PPA, EPTL has declared the commercial operation date of the project with effect from July 10, 2019.
Furthermore, EEL’s associated company, namely, Sindh Engro Coal Mining Company Limited (a joint venture between Sindh government, EEL, Thal Limited, Hub Power Company Limited, Habib Bank Limited, CMEC Thar Mining Investment Limited and Houlinhe Open Pit Coal Investment Company) (SECMC) has also declared its commercial operation on the COD date and SECMC shall start the supply of Thar coal to EPTL for its project.
The company said that the projects would usher in a new era of energy security and prosperity for Pakistan which would not have been possible without the support extended by the provincial and federal governments and all other private stakeholders.
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FBR restricts sale of duty free imported motor vehicles, machinery for Thar Coal Field
ISLAMABAD: Federal Board of Revenue (FBR) has imposed restriction on selling the duty free imported goods for machinery and motor vehicles for Thar coal field.
In order to impose restrictions the FBR on Saturday issued SRO 673(I)/2019 to amend SRO 268(I)/2015 dated April 02, 2015.
The FBR allowed exemption from whole of customs duty on import of coal mining equipment and machinery including vehicles for site use, if not manufactured locally, imported for Thar Coal Field.
Through the latest SRO, the FBR said that the goods shall not be sold or otherwise disposed of without prior approval of the FBR.
“In case such goods are sold or otherwise disposed of after ten years of importation thereof, the same shall be subject to payment of duties and taxes as prescribed by the FBR.”
In case these goods are sold or otherwise disposed of without prior approval of the FBR or before the period of ten years from the date of importation thereof, the same shall be subject to payment of statutory rates of duties and taxes as were applicable at the time of import.
“These goods shall, however, be allowed to be transferred to the other entitled projects of the sector, with prior approval of the FBR, subject to payment of duties and taxes, if applicable.”
The re-export of these goods may also be allowed subject to prior approval of the Chief Collector of Customs.