Tag: Thar

Chinese coal operator threatens Thar extraction

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Thar-extraction

KARACHI: China Machinery Engineering Corporation (CMEC), the operator of a Chinese coal mine in Thar block-II, has issued a warning that it will cease coal extraction activities unless its outstanding receivable of $50 million is settled by September 10, 2023. CMEC conveyed its concerns to Sindh Engro Coal Mining Company (SECMC) in a letter, revealing that it has not received any payments in August, and its overdue receivables reached $50 million at the end of July 2023. The timing of this payment ultimatum coincides with Thar coal emerging as a…

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LC Issue Strikes Thar Mining

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thar-project

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…

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Transmission Constraints Leave Thar Plants Underutilised

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power-plants

Despite the full-page promotions to check the progressive authorizing of 2,400-megawatt coal power plants in Thar, the state-supported sole power purchaser can’t despatch more than 75% of the total limit. Just 1,800MW of the 2,400MW Thar power plants can be emptied at some random time inferable from transmission requirements. Postpones in the development of the subsequent transmission line among Thar and Matiari Converter Station have brought about the coal-based power plants sitting inactive regardless of positioning exceptionally on the legitimacy request of effective power makers. Focal Power Buying Organization Assurance…

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