The record production over the last 2.5 years has resulted in the generation of over 10,000GWhs of electricity, contributing to the national grid. Besides, the company’s record production of coal and generation of electricity using Thar’s local reserves has benefitted the national economy by saving $210 million through import substitution during the same period.
SECMC has maintained a stellar safety record; following international and world-class benchmarks, a feat that has earned international acknowledgements from organisations such as British Safety Council.
The company has also adopted the United Nation’s Sustainable Development Goals (SDGs) framework to deploy high impact interventions, prioritising education, health, economic growth and women empowerment among other areas.
SECMC has also contributed to uplifting the local community by generating employment opportunities for the local population and creating other economic avenues for the community.
Around 80 per cent of the employees in SECMC are locals from Sindh where the project has provided significant socioeconomic benefit to the local Thari population.
“The 10-million coal production mark is a commendable achievement, considering the constant fluctuation and vulnerability in the international coal prices,” SECMC chief executive officer Amir Iqbal said.
The Thar coal is the best resource to help the national economy in terms of easing out the pressure on the current account deficit and also indigenise the current energy mix, which is heavily reliant on imported fuels, he added.
Currently, the second phase of the SECMC mine is already under development, which will increase SECMC’s production to 7.6 million tonnes/annum with a cumulative power generation of 1,320MWs.
Talking about the subsequent Phase III expansion project, Iqbal said that the estimated investment for Phase III expansion is to be approximately $100 million, which will enable the Thar Block-II to achieve a sustainable supply of 12.2 million tonnes of coal annually over the next 30 years.
SECMC is expected to complete this expansion by June 2023 and with this expansion the coal price of SECMC mine is to be reduced to under $30/tonne, making it the cheapest fuel source in the country, ensuring economic stability and energy security.
In addition, the Phase III expansion will also enable Pakistan to save $420 million/annum on the account of import substitution, while also leading to a reduction of Rs74 billion in circular debt on an annual basi