Sindh Engro Coal Mining Company

Sindh Engro Coal Mining Company

Company type	Unlisted public company
Industry	Coal
Founded	2009; 15 years ago (2009)
Headquarters	Karachi , Pakistan
Area served	Sind
Key people	Amir Iqbal (CEO)
Revenue	Rs. 109.407 billion (US$380 million) (2023)
Net income	Rs. 29.160 billion (US$100 million) (2023)
Total assets	Rs. 232.904 billion (US$810 million) (2023)
Total equity	Rs. 81.490 billion (US$280 million) (2023)
Owners	Government of Sindh (54.70%) Thal Limited (11.90%) Liberty Textile (11.90%) Hubco (8%) Habib Bank Limited (9.5%) Huolinhe Open Pit Coal Investment (8.5%) CMEC Thar Mining Investments (4%)
Parent	Government of Sindh
Website	secmc.com.pk
Footnotes / references Financials as of 31 December 2023^[update] [1]

Sindh Engro Coal Mining Company (SECMC) is a Pakistani coal mining company based in Karachi. It is a subsidiary of the Government of Sindh.^[2]

History

Sindh Engro Coal Mining Company was established in 2009 as a joint venture between the Government of Sindh and Engro Corporation to mine and establish power projects from the Block II of the Thar coalfield in Tharparkar.

Projects

SECMC projects include's under construction 660MW of power plant when completed in 2017. Its flagship project is based on 75:25 debt to equity ratio. The company raised $900 million from Chinese banks, $300 million from a Pakistani banking consortium and the remaining $400 million from sponsors.^[3][4] SECMC is establishing another 600MV plant in partnership with State Power Investment Corporation.^[5]

It would in total produce 3,960MW of electricity, in six phases, from the coal in Block II of the project. The first phase of 660MW would be completed within three and a half years, while a new unit of 660MW each would be added subsequently. A sum of $1.6 billion with $800 million component for the open pit mining and $800 million for the power plant have been invested in the project.^[6]

References

1. "Sindh Engro Coal Mining Company Annual Report 2023". Retrieved 2 November 2024.
2. Qureshi, Shujauddin; Shaukat, Zeenia. "Thar Coal Project and Local Community. Documenting Views and Experiences of Stakeholders" (PDF). Boell Stiftung. Boell Foundation. Retrieved 21 August 2021.
3. Hasan, Saad (30 January 2014). "Work on Thar coal project finally starts It is not just talk this time, says SECMC CEO". Express Tribune. Retrieved 21 August 2021.
4. "Nawaz, Zardari launch Thar Coal power project". The Nation. 1 February 2014. Retrieved 21 August 2021.
5. "Sindh Engro Coal Mining Company and China Power International signed MoU to set up 6,000 MW Power Plants -". Retrieved 2016-08-28.
6. Ali, Z (1 February 2014). "Power woes: Nawaz, Zardari launch Thar coal project". Express Tribune. Retrieved 21 August 2021.