ISLAMABAD: Sindh Engro Coal Mining Company (SECMC) is planning to initiate mining activity at Thar coal by the mid of 2014, and it will take 3.5 years to reach Coal Production stage.
Currently Government of Sindh has issued three leases to mine developers in Thar and according to the planned timeliness of the existing lease holders at Thar, SECMC plans to generate power based on Thar Coal by 2017-18.
Similarly, the other lease holders Sino Sindh Resources Limited & Oracle Coalfields Pvt. Ltd have plans to initiate Mining Activity in Block-I &Vi during 2014, official sources told APP, here on Thursday.
Currently all the project developers are approaching various financial institutes to achieve financial close for both Mining and Power.
Ministry of Water and Power has an allocation of Rs.50 Million during current Financial Year for construction of transmission network from Thar to Matiari (Total Cost Rs. 22 billion).
According to details,Planning Commission has approved a UCG Block- V Pilot project led by Dr. Samar Mubarakmand for 8-10 MW with an allocation of Rs.900 Million for FY 2013-2014 .
Total cost for the Pilot project is Rs. 1.8 billion, sources added.
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