SECMC owes $60 million in payments to CMEC, a vendor of SECMC for coal mining in Thar Block II. SECMC has been unable to clear the dues since May 2022 due to LC restrictions. Even a letter from Sindh’s Power Minister Imtiaz Sheikh has failed to wake the policymakers on this critical matter, sources familiar with the matter revealed.
Sources said that credit letter limitations have ended up being unfavorable for the economy. Policymakers can’t arrange among fundamental and extravagance imports, resultantly taking cost for the main requirements including power age.
CMEC has cautioned that it anticipates dig development for Stage III to be essentially hampered. It will bring about cessation of a significant wellspring of least expensive base-load fuel choice of force age.
In Walk 2023, the portion of force produced on Thar coal remained at 14.74 percent at a least expensive per-unit fuel cost of about Rs7.06, while the portion of force age on hydel is 22.9 percent and on RLNG, 20.4 percent, at an expense of Rs24.31/unit fuel cost.
Thar Coal Block II presently creates 7.6 MTPA of coal used to produce 1,320MW of power. With stage III development, this will reach 12.2 MTPA. According to NEPRA, absolute power produced on coal is 1,333.514 GWh in which 1,284.802 GWh was created utilizing Thar Coal and 48.71252 GWh utilizing imported coal.
