ISLAMABAD: The Chinese government has announced to invest $1.2 billion in mining of 3.8 million tons per annum coal for a 660MW coal-fired power plant in Tharparkar.
According to the ministry of water and power, the final lending documents will be signed between Pakistan and China on Dec 21 in Beijing.
It is pertinent to mention here that the agreements of loans required for the project – around $800 million from a Chinese banking syndicate, led by the China Development Bank and the Industrial and Commercial Bank of China, and about $500m from a Pakistani banking syndicate comprising Habib, United and Alfalah banks – will be signed in Beijing on Dec 21.
Sinosure and the Sindh Engro Coal Mining Company (SECMC) are jointly undertaking surface mining of 3.8 MTPA of coal and establishment of a 660MW power plant in Tharparkar under the umbrella of $46bn China-Pakistan Economic Corridor (CPEC).
