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From Wikipedia, the free encyclopedia
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]
| |
| 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 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]
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