Sindh Engro Coal Mining Company

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Sindh Engro Coal Mining Company
Company type Unlisted public company
Industry Coal
Founded2009;16 years ago (2009)
Headquarters
Karachi
,
Pakistan
Area served
 Sindh
Key people
Amir Iqbal (CEO)
RevenueIncrease2.svgRs. 109.407 billion (US$380 million) (2023)
Increase2.svgRs. 29.160 billion (US$100 million) (2023)
Total assets Increase2.svgRs. 232.904 billion (US$810 million) (2023)
Total equity Increase2.svgRs. 81.490 billion (US$280 million) (2023)
Owners Government of Sindh (54.70%)
Thal Limited (11.90%)
Liberty Textile (11.90%)
Hubco (8%)
Habib Bank Limited (9.5%)
Huolinhe Open Pit Coal Investment (8.5%)
CMEC Thar Mining Investments (4%)
Parent Government of Sindh
Website secmc.com.pk
Footnotes /references
Financials as of 31 December 2023 [1]

Sindh Engro Coal Mining Company (SECMC) is an unlisted Pakistani coal mining company headquartered in Karachi.

It was established in 2009 as a public-private partnership between the Government of Sindh and Engro Powergen, a subsidiary of Engro Corporation, for the development of coal mining and power generation projects in Block II of the Thar coalfield in Tharparkar. [2] The Government of Sindh holds a majority stake of just over 51 percent, while other private sector partners collectively hold the remaining 49 percent. [3]

Projects

SECMC projects include's under construction 660MW of power plant when completed in 2017. Its flagship project is based on 75:25 debt to equity ratio. The company raised $900 million from Chinese banks, $300 million from a Pakistani banking consortium and the remaining $400 million from sponsors. [4] [5] SECMC is establishing another 600MV plant in partnership with State Power Investment Corporation. [6]

It would in total produce 3,960MW of electricity, in six phases, from the coal in Block II of the project. The first phase of 660MW would be completed within three and a half years, while a new unit of 660MW each would be added subsequently. A sum of $1.6 billion with $800 million component for the open pit mining and $800 million for the power plant have been invested in the project. [7]

References

  1. ↑ "Sindh Engro Coal Mining Company Annual Report 2023" . Retrieved 2 November 2024.
  2. ↑ "SECMC's Thar coal mining project". brecorder.com. Business Recorder. 12 April 2016. Retrieved 21 August 2025.
  3. ↑ Qureshi, Shujauddin; Shaukat, Zeenia. "Thar Coal Project and Local Community. Documenting Views and Experiences of Stakeholders" (PDF). Heinrich-Böll-Stiftung . National Commission for Human Rights (NCHR). p. 22. Retrieved 21 August 2021.
  4. ↑ Hasan, Saad (30 January 2014). "Work on Thar coal project finally starts It is not just talk this time, says SECMC CEO". Express Tribune. Retrieved 21 August 2021.
  5. ↑ "Nawaz, Zardari launch Thar Coal power project". The Nation. 1 February 2014. Retrieved 21 August 2021.
  6. ↑ "Sindh Engro Coal Mining Company and China Power International signed MoU to set up 6,000 MW Power Plants -" . Retrieved 28 August 2016.
  7. ↑ Ali, Z (1 February 2014). "Power woes: Nawaz, Zardari launch Thar coal project". Express Tribune. Retrieved 21 August 2021.
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