ThalNova power station
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ThalNova power station is a proposed coal plant in Pakistan.
It is also known as unit 4 of the Thar Block II power station (also known as Thar Engro).
Contents
Location
The map below shows the location of the plant near Thar Block-II mine in Sindh province.
Background
The Thar Energy Limited power station and the ThalNova power station were formerly the second phase of the Thar Block II power station, but have become spun off into two separate projects, with separate ownership.
Since at least 2016, ThalNova — which began as a joint venture of Thal Limited and Novatex — has been planning to build a fourth 330-MW coal-fired generating unit at the Thar Block II mine.[1] In February 2017, the National Electric Power Regulatory Authority granted a generation license to the project.[2] In April 2017, ThalNova signed an engineering, procurement, & construction (EPC) contract with China Machinery Engineering Corporation.[3]
By December 2018, after several shifts in ownership stakes, ThalNova was owned by Hub Power Company (Hubco) (37%), Thal Limited (31.5%), China Machinery Engineering Corporation (10%), and Descon Engineering Limited (1%); it is unclear who owns the remaining 20.5%.[4] In April 2019, ThalNova signed loan agreements with China Development Bank, China Minsheng Bank, China Zheshang Bank, and Habib Bank for the plant's construction.[5]
In May 2019, the provincial Chief Minister directed Sindh Engro Coal Mining Company, the company operating the Thar Block II coal mine, to expand production in order to produce enough coal to feed the Thar Energy Limited and ThalNova power stations.[6]
In July 2019, it was reported that the Private Power Infrastructure Board had deferred the deadline for finalizing financial support for the proposed plant until March 2021,[7] with commissioning expected by 2022.[8]
Project Details
- Sponsor (Phase I): ThalNova Power (Private) Limited
- Parent company (Phase I): Hub Power Company (Hubco) (37%), Thal Limited (31.5%), China Machinery Engineering Corporation (10%), Descon Engineering Limited (1%)
- Location: Thar Block-II, southeast of Singhara in Thatta district, Sindh province
- Coordinates: 24.8154559, 70.3883694 (exact)
- Status: Pre-permit development
- Gross Capacity: 330 MW
- Type: Circulating fluidized bed
- Projected in service: 2022
- Coal Type: Lignite
- Coal Source: Thar Block II
- Source of financing: China Development Bank, China Minsheng Bank, China Zheshang Bank, Habib Bank
Articles and resources
References
- ↑ ThalNova plans power plant, The News, 7 Oct. 2016.
- ↑ Thalnova Power Thar awarded power generation licence, Express Tribune, 2 Feb. 2017.
- ↑ Thal Power to invest $ 58.7 million in ThalNova, Mettis Global, 12 Apr. 2018.
- ↑ Hubco Completes Acquisition of 37 Percent Stakes of ThalNova Power, ProPakistani.pk, 10 Dec. 2018.
- ↑ CMEC cooperates with Pakistani companies, Sinomach press release, 8 May 2019.
- ↑ Hubco to set up two power projects in Thar, Express Tribune, 7 May 2019.
- ↑ Faizan Hashmi, "PPIB Extends Financial Closing Deadlines Of Azad Pattan, Thar Coal Projects," Urdu Point, 15 July 2019
- ↑ "Growth Aspirations," Hubco, accessed December 2019
