Thar coal-based power project in Pakistan goes live, promising benefits

News Image

MG News | February 08, 2023 at 12:09 PM GMT+05:00

February 08, 2023 (MLN): Pakistan's largest Thar coal-based power project, the Shanghai project, has officially announced its commercial operation date (COD), according to the Private Power and Infrastructure Board (PPIB).

The project, located in Thar Block-1, has a generation capacity of 1,320 MW and was implemented under the China-Pakistan Economic Corridor (CPEC).

It was developed by Thar Coal Block-1 Power Generation Co, a subsidiary of Shanghai Electric, and attracted foreign investment of $1.912 billion.

The successful commissioning of the project is expected to generate 9bn units of electricity per year and save Rs250bn annually. It is also expected to reduce the country's dependence on imported fuels and result in significant savings in foreign reserves, as well as reducing the basket price of electricity.

The PPIB says that the addition of the Shanghai project brings the total production of electricity from Thar coal-based power generation plants to 2,970 MW.

Another 330 MW project, ThalNova, is currently undergoing testing and is expected to achieve COD soon.

The government anticipates that the project will bring prosperity to local and regional communities, improve the lives of Thari people, and generate employment and business opportunities.

PPIB is committed to promoting Thar coal and encouraging private sector investment to help power Pakistan's future.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M
1.30%
2237.52
ALLSHR 104,178.62
550.40M
0.93%
964.13
KSE30 52,166.33
164.58M
1.26%
649.19
KMI30 250,496.48
141.11M
1.59%
3930.77
KMIALLSHR 67,844.06
318.73M
1.20%
801.29
BKTi 47,430.11
44.68M
0.28%
130.40
OGTi 36,386.96
9.01M
0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,715.00 73,760.00
73,715.00
0.00
0.00%
BRENT CRUDE 91.89 92.95
89.93
-0.81
-0.87%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00
-0.75
-0.64%
ROTTERDAM COAL MONTHLY 130.25 131.75
130.00
-0.20
-0.15%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 87.76 89.02
86.35
-1.14
-1.28%
SUGAR #11 WORLD 14.07 14.35
13.90
0.14
1.01%

Chart of the Day


Latest News
May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn


May 29, 2026 at 08:19 PM GMT+05:00

Petrol, HSD prices drop Rs22 per litre


May 29, 2026 at 07:19 PM GMT+05:00

Sindh, World Bank review Karachi water network


May 29, 2026 at 05:06 PM GMT+05:00

PSX Closing Bell: Bulls Come Out Swinging



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg