Inside Financial Markets

Thar Coal: Sindh Govt, SECMC Consent To Arrangement

The Sindh government has consented to a usage arrangement with Sindh Engro Coal Mining Company (SECMC). Under the understanding, the administration will resolve to give the whole framework required to encourage the mining undertaking adding up to $600 million (Rs60 billion).

Sindh Government has likewise inked a water use concurrence with Engro Powergen Thar Limited (EPTL), said an announcement issued by SECMC.

Under this tripartite understanding, the Thar Power Company, an auxiliary of SECMC, will be capable to work and keep up the foundation offices though Sindh Government’s Irrigation and Energy Departments will guarantee the assignment of 17.5 cusecs of treated water for the working of EPTL’s energy venture in Block II.

The related force plant being set up by EPTL is additionally close to accomplishing budgetary close with the marking of the water use concurrence with Sindh government.

The joint endeavor understanding, under which SECMC was framed, gives Sindh Government dominant part shareholding in the organization (51%) and obligation regarding the procurement of key framework.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

The Canadian Securities Institute


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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)