Sunday, May 25, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Thar Block II expansion set to become cheapest fuel source for Pakistan

News Desk
November 2, 2021
Thar Block II expansion set to become cheapest fuel source for Pakistan
Share on FacebookShare on Twitter

Karachi (Nov 01, 2021): Sindh Engro Coal Mining Company (SECMC) board has approved the expansion of its Thar Coal Block II Mine to 12.2 million tons per annum (Phase III). With this expansion, coal price of SECMC mine shall reduce to 27 USD/ton. SECMC is expected to complete this expansion by June 2023. At a price of $27 per ton, SECMC Block II coal shall become the cheapest fuel source in the country and will ensure economic stability and energy security for the country. It shall enable Pakistan to save USD 420 million per annum on the account of foreign exchange. Additionally, this expansion of SECMC’s Block II mine, shall lead to a reduction of Rs.74 billion in circular debt on an annual basis.

Speaking on this occasion CEO SECMC, Amir Iqbal said: “With the international coal prices recently crossing an all-time high of ~$250 per tonne and the volatility in the International prices, SECMC, through this expansion not only offers a hedge against market volatility but being an indigenous resource shall ease out the pressures on the Current Account Deficit. Additionally, it is our firm belief that at a price point of USD 27 per ton, Thar Coalshall transcend its current utilization in energy sector to other uses of Coal.”

The cost of this expansion project is estimated to be $93 Million which shall enable Thar Block II to achieve a sustainable supply of 12.2 million tonnes of coal annually over next 30 years. SECMC currently has an annual production of 3.8 million tonnes which is used for generation of 660 MW electricity since the start of its operations in 2019. In its second phase, which is already under development and expected to be completed by mid of 2022, SECMC’s production shall increase to 7.6 million tonnes per annum which will enable cumulative power generation of 1320MW.

With the approval for phase III and subsequent reduction in the price of Thar coal as a direct consequence of economies of scale, the Thar dream is all set to positively impact the economy of Pakistan. This means that utilization of Thar coal should not just be restricted to power generation, rather efforts must be made to use this indigenous resource in other sectors such as cement, steel and most importantly for coal beneficiation to liquid, gas and fertilizer – all of which are technically viable with proper use of technology and capital investment.  These alternates can save billions of dollars by reducing the import of coal, RLNG and other petrochemical products.

It is also important to note that SECMC’s expansion plans for the mine not only provide Pakistan with a dependable indigenous fuel source but also come at a time when the country – much like the rest of the world – is managing an economic crisis. Commenting on the country’s overall energy sector dynamics, Ahsan Zafar Syed – CEO Engro Energy – said: “Pakistan’s fuel mix is in dire need of indigenization. The recently approved USD 3 billion package by the Saudi Fund for Development and the support extending on deferred payment for petroleum product import, proves that the country needs to quickly develop its local fuel sources to reduce its foreign dependence and ease the growing imbalance in its trade account. Development of Thar Coal projects is a viable solution to arrest the increasing trade deficit and our reliance on imported fuels.”

Tags: EngroPAKISTANThar Block II
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

The second day of the Arts Council’s Arts Alumni  Festival was dedicated to the martyrs with national enthusiasm
Headline

The second day of the Arts Council’s Arts Alumni Festival was dedicated to the martyrs with national enthusiasm

May 24, 2025
FBR Modernizing Tax System with Automation, Says Chief Commissioner Aftab Imam at Awareness Session in KATI
Headline

FBR Modernizing Tax System with Automation, Says Chief Commissioner Aftab Imam at Awareness Session in KATI

May 24, 2025
North American Investors and Leading Conglomerates Attend High-Level PIA Privatization Presentation
Headline

North American Investors and Leading Conglomerates Attend High-Level PIA Privatization Presentation

May 24, 2025
Orange Tree Foundation Hosts “OTF Changemakers Gathering” to Empower High Merit, Financially Challenged Youth Toward Financial Independence
Headline

Orange Tree Foundation Hosts “OTF Changemakers Gathering” to Empower High Merit, Financially Challenged Youth Toward Financial Independence

May 24, 2025
K-Electric Continues Crackdown Against Power Theft in Manghopir Marble Industrial Area
Headline

NEPRA Approves 7-Year Tariff Plan for K-Electric Amid Consumer Concerns

May 24, 2025
Kuwait Resumes Issuance of Work and Other Visas for Pakistani Citizens
Headline

Kuwait Resumes Issuance of Work and Other Visas for Pakistani Citizens

May 24, 2025
UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025
Headline

UAE Dirham Steady at 76.44 PKR – Exchange Rate Update for May 24, 2025

May 24, 2025
Australian Dollar Holds Steady at 180.17 PKR – May 24, 2025
Headline

Australian Dollar Holds Steady at 180.17 PKR – May 24, 2025

May 24, 2025
Hafiz Naeem-ur-Rehman announce march for the rights of Karachi
Headline

Hafiz Naeem Urges Tax Exemption for Salaries Up to Rs1.44 Million in FY26 Budget

May 24, 2025
Canadian Dollar Holds Steady at 201.55 PKR – Relief Amid Global Uncertainty
Business

Canadian Dollar Holds Steady at 201.55 PKR – Relief Amid Global Uncertainty

May 24, 2025
Next Post
Day 1 of  “Lok Mela” 2021 by NIFTH/Lok Virsa

Day 1 of  “Lok Mela” 2021 by NIFTH/Lok Virsa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Another leak: TikToker Somal Mohsin’s private videos go viral

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Must Read

Pakistan registers progress in routine childhood immunization
Headline

Pakistan registers progress in routine childhood immunization

August 6, 2022
UAE Investor Acquires Majority Shareholding and Management Control of Summit Bank.
BANKING

UAE Investor Acquires Majority Shareholding and Management Control of Summit Bank.

April 26, 2023
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.