Pakistan issues guarantee for mega power project

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Pakistan issues guarantee for mega power project

The government of Pakistan has issued guarantee to Engro Power­gen Thar Ltd (EPTL) to formally recognise financial close for the 2x330 (660MW) Thar Engro power station.

In September, we reported that Sindh Engro Coal Mining Company (SECMC) achieved financial close for the project. SECMC is a joint venture made up the Govern­ment of Sindh, Engro Power­gen and affiliates namely, Thal Ltd (House of Habib), Hub Power Company, Habib Bank Limited, China Machi­nery Engineering Corpo­ration (CMEC) and State Power International Men­dong (SPIM).

The project will be developed by Engro Powergen China Mac­hi­­nery and Engineering Com­­­pany, Habib Bank Ltd and Liberty Mills Ltd. It will be located a Thar (Block-II). The new facility is expected to be operational by 2019.

The total project investment is estimated at US$2 billion.

Additionally, the National Trans­mission and Despatch Com­pany (NTDC) has committed to establish a 500kV Direct Circuit Transmission Line from Thar to Matiari.



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