KARACHI: Chief Operating Officer of the Sino Sindh Resources Private Limited (SSRL) Li Jigen said Monday that the Thar Coal Block-1 project, which is an important part of China Pakistan Economic Corridor (CPEC), is making rapid progress.
"Despite the COVID-19 pandemic and other obstacles, the mega project in Thar has picked up pace in recent times," he said according to a statement issued.
Tariq Shah, Sindh Energy Secretary and Meng Donghai, CEO of Thar Coal Block-1 Power Generation Co and Li Jigen shared more details about the project.
Tariq Shah lauded the progress made in the Thar Block-1 project which comprises a 7.8-million-tonne-per-annum (Mtpa) open-pit coal mine and installation of a 1.3 GW ultra-supercritical coal-fired power plant.
Almost 40% of work related to coal mining has been completed while construction work is also in progress on the power plant. Mining work would be completed by the end of 2021 and the first unit of the power plant would also start working from 2022. The entire project would be completed by 2023.
KSE-100 shares index gained 1244.45 points or 1.76% to finish at 71,902
Neom officials reject claims of Saudi Arabia mega project being scaled down
How many private jets does Amazon founder own?
Choice-based number plates of "3 categories" to be auctioned in Sindh for revenue purposes
PTA says it is deliberating on FBR's decision and is engaged with mobile operators and other stakeholders
July-April average inflation settled at 25.97% compared to 28.23% in the same period last year