AIRLINK 86.21 Decreased By ▼ -0.99 (-1.14%)
BOP 4.97 Decreased By ▼ -0.05 (-1%)
CNERGY 4.08 Decreased By ▼ -0.01 (-0.24%)
DFML 37.22 Decreased By ▼ -0.68 (-1.79%)
DGKC 91.20 Decreased By ▼ -2.68 (-2.85%)
FCCL 22.99 Decreased By ▼ -0.78 (-3.28%)
FFBL 33.74 Increased By ▲ 1.07 (3.28%)
FFL 9.19 Decreased By ▼ -0.06 (-0.65%)
GGL 10.05 Increased By ▲ 0.02 (0.2%)
HASCOL 6.25 Decreased By ▼ -0.29 (-4.43%)
HBL 126.25 Increased By ▲ 4.33 (3.55%)
HUBC 158.29 Increased By ▲ 12.64 (8.68%)
HUMNL 11.08 Increased By ▲ 0.58 (5.52%)
KEL 4.64 Decreased By ▼ -0.10 (-2.11%)
KOSM 4.09 Decreased By ▼ -0.10 (-2.39%)
MLCF 38.25 Decreased By ▼ -0.55 (-1.42%)
OGDC 133.40 Decreased By ▼ -1.61 (-1.19%)
PAEL 25.40 Increased By ▲ 0.32 (1.28%)
PIBTL 6.22 Decreased By ▼ -0.05 (-0.8%)
PPL 119.25 Decreased By ▼ -0.43 (-0.36%)
PRL 24.58 Increased By ▲ 0.48 (1.99%)
PTC 12.28 Increased By ▲ 0.06 (0.49%)
SEARL 59.32 Decreased By ▼ -0.48 (-0.8%)
SNGP 65.60 Increased By ▲ 0.60 (0.92%)
SSGC 9.87 Decreased By ▼ -0.18 (-1.79%)
TELE 7.85 Decreased By ▼ -0.02 (-0.25%)
TPLP 9.49 Decreased By ▼ -0.25 (-2.57%)
TRG 63.80 Decreased By ▼ -0.50 (-0.78%)
UNITY 27.26 Increased By ▲ 0.21 (0.78%)
WTL 1.28 Decreased By ▼ -0.04 (-3.03%)
BR100 8,341 Increased By 31.1 (0.37%)
BR30 26,457 Increased By 506.8 (1.95%)
KSE100 78,810 Increased By 9 (0.01%)
KSE30 25,474 Increased By 35.6 (0.14%)

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has announced achievement of Commercial Operation Date (COD) of the country’s largest Thar coal-based power project located at Thar Block-1.

Having the generation capacity of 1,320 MW, Shanghai project has been implemented under the China-Pakistan Economic Corridor (CPEC).

The project is developed by Thar Coal Block-1 Power Generation Co, a fully-owned subsidiary of Shanghai Electric. The project has attracted valuable foreign direct investment of $1.912 billion which is expected to generate 9 billion units of electricity per annum with anticipated savings of Rs. 250 billion/annum.

PPIB asks PQPECL to start testing Thar coal blending

According to the PPIB, successful commissioning of this project is another example of the PPIB’s effectiveness towards promoting Thar coal for power generation. With this latest addition, total production of electricity from four Thar coal-based power generation plants has reached to 2,970 MW while 330 MW by ThalNova project is also under testing and expected to achieve COD soon. The PPIB has already facilitated commissioning of three projects with a total capacity of 1,650 MW, including the 660 MW Engro, 660 MW Lucky, and 330 MW Hubco Thar power projects, all of which are at the top of NPCCs merit order list.

The government is expecting that commissioning of the project will result in significant savings of foreign reserves and reduce dependence on imported fuels and the basket price of electricity shall also be reduced significantly. Additionally, the Shanghai Project will bring prosperity to local & regional communities and improve lives of local Thari people by generating employment & business opportunities. The PPIB remains dedicated to promoting Thar coal and facilitating private sector investment to empower Pakistan for a brighter future.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Shamsuddin Shaikh Feb 08, 2023 07:04am
Block 1 has not done anything significant to improve quality of life for local Tharis
thumb_up Recommended (0)
Az_Iz Feb 08, 2023 08:45am
Why did it take so long to develop Thar coal, which saves foreign exchange, provides energy security, creates jobs and produces the cheapest electricity.
thumb_up Recommended (0)
irshad Feb 08, 2023 08:53am
All very well but they are not paying their suppliers for over 9 months. What good is all this when they are not honouring their financial commitments
thumb_up Recommended (0)
Salman Idrees Feb 08, 2023 09:54am
@Shamsuddin Shaikh Sir, but Engro did, & you are well aware of that.
thumb_up Recommended (0)
Sohail Feb 08, 2023 12:04pm
finally some good news.....
thumb_up Recommended (0)
Pakistani1 Feb 08, 2023 01:21pm
Excellent news in terms of generating cheap power. Dismal news in terms of improving life style of the local population and that of the Sindh province. It is high time to give back to the people of the area through jobs, support, infrastructure development and beneficial CSR efforts.
thumb_up Recommended (0)
Saifullah Suleman Feb 09, 2023 10:39pm
My name saifullah Suleman I am from Abbottabad and I have worked in Gadoon Textile Mills limited power plant. Here different companies diesel and gas engines and condense steam turbine. My work experience here one year More and to be continue in operation department.
thumb_up Recommended (0)