The power project has completed its commissioning phase, and Thar Energy Limited is prepared to start producing 330 Mega Watts of electricity from the following month.
Thar Energy Limited, a subsidiary of Fauji Fertilizer Limited, has achieved commissioning, according to stock filings, and will begin commercial operations on October 1, 2022.
The Hub Power Company Limited, with a 60% shareholding, and China Machinery Engineering Corporation holding, with a 10% shareholding, each possess 30% of the equity in the TEC project, which is a part of the CPEC.
The coal-fired power plant will use locally available Thar coal to produce affordable energy, which will not only close the gap between energy demand and supply but also protect the nation’s valuable foreign exchange reserves.
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 in Thar Block II. The estimated cost of investment in the project is nearly $500 million.