China-Pak Economic Corridor: Project Details
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Pangu
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Energy infrastructure consume the lion share of the investment portfolio, & rightly so since you guys are power deficient. I'm glad that there is a vocational training institute & hospital in the package, I think more should be build in the future.
Kabira
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4X660mw Gadani project cost of $8 billion does not make any sense.
Work on $1.3 billion Thar coal project to begin in May
ISLAMKOT: The large-scale mining at Thar coalfield, involving $1.3 billion, is expected to commence in May 2015, Sino Sindh Resources Ltd (SSRL) Chief Executive Officer Chaudhary Abdul Qayyum said on Friday.
The company has been allotted Thar coalfield’s Block-I, which is spread over 150 square kilometres. In the first phase, 6.5 million tons of coal will be produced per annum from the block. The estimated minable coal present at this site is 2.5 billion tons. Along with open-pit mine, four coal-fired power plants, having cumulative generation capacity of 1,400MW (4x350MW) will be set up with a total investment of $2 billion. Two of these planned power plants are scheduled to start generating power by 2018, Qayyum said. SSRL and Shenghai Electric Corporation have entered into a coal supply agreement, in which SSRL will extract coal and supply it to China Power International (CPI). In the next couple of months, specialised machinery for mining is scheduled to start reaching Block-I of Thar coalfield near Islamkot District, some 400km from Karachi.
Eventually, coal production from Block-I will touch the mark of 20 million tons per year, he said, adding that much of the coal will be used for other power plants as well as exporting. He maintained that indigenous coal is ideal for power generation plants, keeping in view the low cost of readily available fuel. That is why the power projects have been made part of the CPEC.
He maintained that the reliance on indigenous sources would enhance the energy security of the country, which is why these projects are being given strategic importance by the government.
There is no cost of transportatin involved in Thar coal, making it a far cheaper option compared to imported coal.
Moreover, its price and supply will be smooth, contrary to the price fluctuations and supply-side constraints associated with the international market. As the mine achieves economies of scale and debt is paid off, the unit cost of coal will continue to decline, stabilising at $3.73 per million British thermal units from the 11th year. The levelised cost for Block-I is $5.71 per mmbtu, thus the power generated with coal will be about 40 percent less if compared with furnace oil fired thermal plants, he said.
The SSRL CEO said that the cost of electricity for the initial 10 years will be 8.5 cents per unit and when the loan period ends, the cost will come down to just six cents per unit. So, supply of electricity will be improved significantly with Thar coal, which will, in the end also ensure affordability for the end consumers, he observed.
The Thar Desert in the South East of Pakistan is host to the seventh largest coal reserves in the world. It is spread over 9,000 square kilometres. SSRL enjoys mining lease for over 30 years for Block-I of the Thar coalfields. Leveraging local resources would entail lower cost of extraction and consequently lower cost of electricity. Development of mining industry would further stimulate economic activity in the region via multiplier effect, enhancing economic and social prospects of the communities involved.
SSRL is a subsidiary of Global Mining China Ltd (GMC) that enjoys 55 percent stakes with Asiapak Investments, which holds 40 percent shares, whereas the remaining five percent are owned by a Dubai-based company.
Work on $1.3 billion Thar coal project to begin in May - thenews.com.pk
Work on $1.3 billion Thar coal project to begin in May
ISLAMKOT: The large-scale mining at Thar coalfield, involving $1.3 billion, is expected to commence in May 2015, Sino Sindh Resources Ltd (SSRL) Chief Executive Officer Chaudhary Abdul Qayyum said on Friday.
The company has been allotted Thar coalfield’s Block-I, which is spread over 150 square kilometres. In the first phase, 6.5 million tons of coal will be produced per annum from the block. The estimated minable coal present at this site is 2.5 billion tons. Along with open-pit mine, four coal-fired power plants, having cumulative generation capacity of 1,400MW (4x350MW) will be set up with a total investment of $2 billion. Two of these planned power plants are scheduled to start generating power by 2018, Qayyum said. SSRL and Shenghai Electric Corporation have entered into a coal supply agreement, in which SSRL will extract coal and supply it to China Power International (CPI). In the next couple of months, specialised machinery for mining is scheduled to start reaching Block-I of Thar coalfield near Islamkot District, some 400km from Karachi.
Eventually, coal production from Block-I will touch the mark of 20 million tons per year, he said, adding that much of the coal will be used for other power plants as well as exporting. He maintained that indigenous coal is ideal for power generation plants, keeping in view the low cost of readily available fuel. That is why the power projects have been made part of the CPEC.
He maintained that the reliance on indigenous sources would enhance the energy security of the country, which is why these projects are being given strategic importance by the government.
There is no cost of transportatin involved in Thar coal, making it a far cheaper option compared to imported coal.
Moreover, its price and supply will be smooth, contrary to the price fluctuations and supply-side constraints associated with the international market. As the mine achieves economies of scale and debt is paid off, the unit cost of coal will continue to decline, stabilising at $3.73 per million British thermal units from the 11th year. The levelised cost for Block-I is $5.71 per mmbtu, thus the power generated with coal will be about 40 percent less if compared with furnace oil fired thermal plants, he said.
The SSRL CEO said that the cost of electricity for the initial 10 years will be 8.5 cents per unit and when the loan period ends, the cost will come down to just six cents per unit. So, supply of electricity will be improved significantly with Thar coal, which will, in the end also ensure affordability for the end consumers, he observed.
The Thar Desert in the South East of Pakistan is host to the seventh largest coal reserves in the world. It is spread over 9,000 square kilometres. SSRL enjoys mining lease for over 30 years for Block-I of the Thar coalfields. Leveraging local resources would entail lower cost of extraction and consequently lower cost of electricity. Development of mining industry would further stimulate economic activity in the region via multiplier effect, enhancing economic and social prospects of the communities involved.
SSRL is a subsidiary of Global Mining China Ltd (GMC) that enjoys 55 percent stakes with Asiapak Investments, which holds 40 percent shares, whereas the remaining five percent are owned by a Dubai-based company.
Work on $1.3 billion Thar coal project to begin in May - thenews.com.pk
Once again i would like to say Thanks to all the countries especially China for helping us in every way!
QAMARSHAZADQURESHI
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ajpirzada
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btw in the document which i have got, this table is followed by individual project details.
interestingly, there is no mention of 'Gaddani power park' and 'transmission line 1 & 2.' Last time what i heard from the planning commission people was that the Chinese are not interested in the Gaddani project but the government is somewhat forcing them to undertake these. I dont know if the chinese have completely abandoned these or not.
interestingly, there is no mention of 'Gaddani power park' and 'transmission line 1 & 2.' Last time what i heard from the planning commission people was that the Chinese are not interested in the Gaddani project but the government is somewhat forcing them to undertake these. I dont know if the chinese have completely abandoned these or not.
Tameem
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ISLAMABAD: The Minister for Water and Power, Khawaja Mohammad Asif, said on Friday that the government would overcome power loadshedding by the end of 2017 despite exclusion of Gadani-based 6,600MW coal power plants from its top priority.
Speaking at a hurriedly called press conference, Khawaja Asif said the government had shifted its priority from the Gadani power project due to lack of infrastructure and the need to prioritise the ‘early harvest projects’ that could be completed before 2018.
He said the Gadani-based projects were not expected to be completed before 2019 because there was no infrastructure, including roads and jetty, to support such a major initiative so quickly.
Minister says loadshedding will be overcome by 2017 end - Pakistan - DAWN.COM
