ENGRO, CHINA POWER TO SET UP COAL POWER PLANTS IN

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Aug. 15 (Bloomberg) — MoU signed between Sindh Engro Coal Mining Co., China Power International Holding Ltd. and Sino Sindh Resources to develop 6,000 mw of Thar coal-based power plants in southern Sindh province of Pakistan, Engro says in e- mailed statement today.

* Cos. to jointly develop coal-fired power projects in 10

years which expects to use lignite coal mined from Block 1

and Block 2 of Thar

* China Power will be majority shareholder and responsible for

implementation and execution of power projects

* Projects will be developed in five phases of 1,200 MWs each

with a configuration of 2 x 600 mw

* Coal mining will be independently developed by local

partners

* NOTE: China Power International Holding is a wholly-owned

company of state-owned China Power Investment Corp.:

statement

* NOTE: Sindh Engro is part owned by Engro Corp.

* NOTE: Engro Looks to Sell Stake in Biggest Pakistan Coal

Plant Project {

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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