On Thursday, the managing director of Private Power and Infrastructure Board signed the Thar block II along with Saleemullah Memon, CEO of Thal Limited. This project is one of the initiatives of CPEC and is sponsored by three leading cartel brands. Thar coal-based power generation project worth $497 million is sponsored by Descon Engineering Limited, Thal Limited, and Novatex Limited.
The fuel needed to execute the project will be obtained from the Sindh Engro Coal Mining Company. A legit amount of 1.9 million tons of coal would be required to produce 2,236 gigawatt-hours (GWh). Once the project is instigated on the commercial scale, it will end up being really productive for Pakistan’s economy. It will work in saving more than a billion rupees on a yearly basis for the nation. Moreover, it will help the Pakistani economy to get stabled with the 5,000MW as the coal-based project comes into operation.
In addition, it will eventually result in lessening the tariff as the country will be able to use its local coal. After this settlement, the power plant will get associated with the Matiari-Lahore transmission from where electrically will get dispatched to it. The establishment of this powerplant will lead to the nation’s prosperity. Pakistan would no longer have to import the fuel from abroad as it becomes capable enough to generate it in the country. Hence, Pakistan’s debt ratio can ease, and more electrical energy is assured to be provided. Pakistan’s task was to extract the natural fuel resources through technology, which has become possible thanks to this project.