KARACHI: Karachi Electric Supply Company (KESC) on Monday, signed a Joint Development Agreement (JDA) with Sindh Coal Energy Limited (SCEL) and Oracle Coalfields PLC (Oracle) of UK for establishing a coal-based power plant.
This is the follow up to the signing of an MOU with Oracle on 12th December 2009 for the Thar Coal Power Project- a venture that aims to develop a mine-mouth coal-powered generation facility at Block VI Thar Coal Fields having an initial capacity of 300 MW and potential upside of 1100 MW.
At the signing ceremony, both parties expressed their commitment towards ensuring the successful implementation of the JDA and agreed to coordinate their efforts to promote and develop the project.