Company type | Unlisted public company |
---|---|
Industry | Coal |
Founded | 2009 |
Headquarters | , Pakistan |
Area served | Sind |
Key people | Amir Iqbal (CEO) |
Revenue | Rs. 109.407 billion (US$380 million) (2023) |
Rs. 29.160 billion (US$100 million) (2023) | |
Total assets | Rs. 232.904 billion (US$810 million) (2023) |
Total equity | Rs. 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 |
Footnotes /references Financials as of 31 December 2023 [update] [1] |
Sindh Engro Coal Mining Company (SECMC) is a Pakistani coal mining company based in Karachi. It is a subsidiary of the Government of Sindh. [2]
Sindh Engro Coal Mining Company was established in 2009 as a joint venture between the Government of Sindh and Engro Corporation to mine and establish power projects from the Block II of the Thar coalfield in Tharparkar.
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. [3] [4] SECMC is establishing another 600MV plant in partnership with State Power Investment Corporation. [5]
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. [6]
The Hub Power Company Limited, colloquially known as Hubco, is a Pakistani power company based in Karachi, Sindh. It was the first independent power producer (IPP) established in Pakistan, and before the termination of its energy agreement in October 2024, it was the largest IPP in the country.
Pakistan has coal deposits in Sindh, Punjab and Baluchistan provinces. The total coal resources there are reported to be approximately 185 billion tonnes.
According to the United States Energy Information Administration (EIA), Pakistan may have over 9 billion barrels (1.4×109 cubic metres) of petroleum oil and 105 trillion cubic feet (3.0 trillion cubic metres) in natural gas (including shale gas) reserves.
Lucky Cement Limited, also known as Yunus Brothers Group, or Lucky Group, is a Pakistani conglomerate company headquartered in Karachi, Sindh. Named after the place, Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan. It has 15.3 million tonnes per annum of manufacturing capacity. The company is listed on the Pakistan Stock Exchange.
Fauji Fertilizer Company Limited (FFC) is a Pakistani fertilizer manufacturer based in Rawalpindi. It is a subsidiary of the Fauji Foundation.
Engro Corporation Limited is a Pakistani conglomerate headquartered in Karachi. Its businesses include energy, petrochemicals, fertilizers, port terminals, and telecommunications towers.
Tharparkar, also known as Thar, is a district in Sindh province in Pakistan, headquartered at Mithi. Before Indian independence it was known as the Thar and Parkar (1901–1947) or Eastern Sindh Frontier District (1860–1901).
The Thar coalfield is located in Thar Desert, Tharparkar District of Sindh province in Pakistan. The deposits—16th-largest coal reserves in the world, were discovered in 1991 by Geological Survey of Pakistan (GSP) and the United States Agency for International Development.
Asad Umar is a former Pakistani politician who had been a member of the National Assembly of Pakistan from September 2013 till May 2018 and again from August 2018 to January 2023. He served as the Federal Minister for Planning, Development, Reforms and Special Initiatives, from 19 November 2019 to 10 April 2022.
Dawood Hercules Corporation Limited is a Pakistani publicly listed investment and holding company headquartered in Karachi. It operates its subsidiary Engro Corporation.
China–Pakistan Economic Corridor is a 3,000 km Chinese infrastructure network project currently under construction in Pakistan. This sea-and-land-based corridor aims to secure and shorten the route for China’s energy imports from the Middle East, avoiding the existing path through the Straits of Malacca between Malaysia and Indonesia, which could be blockaded in case of war, thereby threatening China’s energy-dependent economy. Developing a deep-water port at Gwadar in the Arabian Sea and establishing a robust road and rail network from this port to the Xinjiang region in western China would serve as a shortcut, enhancing trade between Europe and China. In Pakistan, the project aims to address electricity shortages, develop infrastructure, and modernize transportation networks, while also transitioning the economy from an agriculture-based structure to an industrial one.
Jamshoro Thermal Power Station also known by other names such as GENCO-I, and TPS Jamshoro is a gas / furnace oil and coal based thermal power plant with a total installed capacity of 880 MW located in Jamshoro near Hyderabad, Sindh in Pakistan. It is operated by the Jamshoro Power Company. The first phase of the project was commissioned between 1989 and 1991. It consists of one 250 MW unit and three 210 MW units. The power station is undergoing a planned expansion with additional 2 x 660 MW coal fired units. One 660 MW unit has been constructed and is ready for commissioning. Site preparation of second 660 MW unit is in progress with an expected commissioning date of July 2029.
Hussain Dawood is a Pakistani businessman and philanthropist who serves as the chairman of Engro Corporation, Dawood Hercules, and The Dawood Foundation. He is also the chairman of the Karachi School of Business & Leadership (KSBL), and a director of the Islamabad Policy Research Institute.
Xi Jinping's visit to Pakistan from 20 to 21 April 2015, was the first state visit of Xi Jinping to Pakistan. Xi is the second Chinese leader to visit Pakistan in the 2010s after Chinese Premier Li Keqiang's visit to Pakistan between 22 and 23 May 2013. It was also Xi's first overseas trip of 2015. The trip led to the signing of accords for $46 billion of investment in Pakistan by China for the construction of roads, rails, and power plants to be built on a commercial basis by Chinese companies over 15 years. Most of the 51 projects were part of the China–Pakistan Economic Corridor.
The 1,320 megawatt Pakistan Port Qasim Power Project comprises two 660 megawatt supercritical coal power plants, one of which was inaugurated in December 2016 as part of the China–Pakistan Economic Corridor. The $2.09 billion project is located on 330.7 acres at Port Qasim, 37 kilometers east of Karachi in Sindh Province. The project is part of a group of 14 energy projects which fall under the fast-tracked "Early Harvest" program of the $46 billion China Pakistan Economic Corridor project.
The Sahiwal Coal Power Project is a coal power plant project located in the province of Punjab in Pakistan by the name of Huaneng Shandong Ruyi (Pakistan) Energy (Limited). It has an installed capacity of 1320 MW. It commenced full operations on 3 July 2017.
The Engro Thar Coal Power Project (Thar-ll), also known as Engro Powergen Thar, is a coal-fired power plant developed as part of the China–Pakistan Economic Corridor by Sindh Engro Coal Mining Company and China Machinery Engineering Corporation in the Thar Block-II of the Thar Coalfield, Tharparkar District, Sindh, Pakistan 25 kilometers from the town of Islamkot near the village of Singharo-Bitra.
Engro Fertilizers is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well. It is a subsidiary of Engro Corporation. It has 35% market share of the Pakistani fertilizer market as of 2023.
AsiaPak Investments is a Pakistan-based investment company with a presence in key cities like Karachi, Lahore, and Islamabad. It was founded by the serving CEO of the company Shaheryar Chishty in February 2012. Their investment focus is exclusively within Pakistan, concentrating on critical sectors like infrastructure, energy, power, transport, logistics, and technology.
The Thar Coal Railway is a infrastructure project focused on linking the Thar coal deposit to Pakistan's Railway network. Funding for this project is expected to be secured soon, with the overall project cost amounting to Rs 58.240 billion. The financing will follow an equal cost-sharing approach through the Public Sector Development Programme and the Annual Development Plan.