Thar Energy Limited power station
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Thar Energy Limited (TEL) power station is a proposed coal plant in Pakistan.
It is also known as unit 3 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.
In October 2016, the National Electric Power Regulatory Authority (Nepra) accepted a generation license application from Thar Energy Limited (TEL) for a 330 MW mine-mount plant located in Thar Block II. The project is estimated at US$497.7 million. It will be financed mainly by debt raised from Chinese financial institutions, with the remainder raised from Pakistani banks.[1][2][3]
The project was permitted in May 2016.[4] The Private Power and Infrastructure Board issued a letter of support for the project in December 2016.[5]
In March 2017, Fauji Fertilizer Company, a subsidiary of the Fauji Foundation, took a 30% share in the project, and China Machinery Engineering Corporation, the project's engineering, procurement, and constructor (EPC) contractor, took another 10%. The construction schedule is 40 months, with completion thus planned for 2020. Initial groundwork on the project had already begun.[6][7]
In March 2018, Hubco, FFC, and CMEC signed the shareholders agreement.[8][9]
A June 5, 2018 updated list of "Upcoming IPPs" by the Ministry of Water & Power states Thar Energy (unit 3 of Thar Block II) will be commissioned in March 2021, with financial close "in progress".[10] A December 17, 2018 updated list of "Upcoming IPPs" by the Ministry of Water & Power states the unit is under construction.[11]
In November 2018, General Electric signed a 12-year equipment & maintenance services contract for the plant.[12]
In December 2018, Hubco signed a financing agreement with China Development Bank and Habib Bank for the plant's construction.[13]
On June 26, 2019, Thar Energy signed a land lease agreement with Sindh Engro Coal Mining Company for purchase of 244 acres of land for the coal plant project.[14]
Coal source
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.[15] An April 2019 Ministry of Energy document listed the project as under construction at that time.[16]
Project Details
- Sponsor: Thar Energy Limited (TEL)
- Parent company: Hub Power Company (Hubco) (60%), Fauji Foundation (30%), and China Machinery Engineering Corporation (10%)
- Location: Thar Block-II, southeast of Singhara in Thatta district, Sindh province
- Coordinates: 24.8062135, 70.4005007 (exact)
- Status: Construction
- Gross Capacity: 330 MW
- Type: Circulating fluidized bed[12]
- Projected in service: Mar. 2021
- Coal Type: Lignite
- Coal Source: Thar Block II
- Source of financing: China Development Bank (CDB), Habib Bank[17][13]
Articles and resources
References
- ↑ "Nepra admits CPEC power generation plants application," Daily Times, October 6, 2016
- ↑ "SEPA holds hearing on TNPTL 330 megawatts coal-based power plan," Business Recorder, October 7, 2016
- ↑ "Thar coal project achieves $2 billion financial close after govt guarantee," Dawn, April 12, 2016
- ↑ "Two local coal-based power projects of 660 MW approved," Pakistan Today, May 3, 2016
- ↑ PPIB supports coal-based power plant under CPEC, Daily Times, 14 Dec. 2016.
- ↑ Hubco to divest 40pc shares in Thar Energy, Dawn, 16 Mar. 2017.
- ↑ Fauji Fertilizer and Hubco Join Hands for a 330MW Coal Power Plant in Thar, Pro Pakistani, 15 Mar. 2017.
- ↑ "FFC, HUBCO sign agreement to set up 330 MW coal power plant," IEA, Mar 19, 2018
- ↑ Analyst Briefing, Hub Power Company Limited, 2 Apr. 2019.
- ↑ "Upcoming IPPs," Private Power & Infrastructure Board, Ministry of Power, updated June 5, 2018
- ↑ "Upcoming IPPs," Private Power & Infrastructure Board, Ministry of Power, updated December 17, 2018
- ↑ 12.0 12.1 GE signs agreements to supply equipment and 12-year maintenance services for the 330 MW Thar Energy Limited Power Plant in Pakistan, GE press release, 7 Nov. 2018.
- ↑ 13.0 13.1 Hubco signs financial deal for Thar Energy Limited in Beijing, Daily Times, 22 Dec. 2018.
- ↑ "Growth Aspirations," Hubco, accessed December 2019
- ↑ Hubco to set up two power projects in Thar, Express Tribune, 7 May 2019.
- ↑ Upcoming IPPs, Private Power & Infrastructure Board, Ministry of Energy, 17 Apr. 2019.
- ↑ "Hubco Signs Agreement for 330MW Coal Power Plant in Thar," propakistani, Nov 16, 2017
