Daily Times

KARACHI: ThalNova Power Thar (TNPTL) has signed Engineering, Procurement, Construction (EPC) contract with China Machinery & Engineering Corporation (CMEC) in Beijing recently to develop 330MW Power project in Thar, Sindh.

ThalNova is a CPEC power project based on Thar lignite coal to be located at the power park site within Block II, Thar Coalfields, District Tharparkar, Sindh. The project is one more step towards using indigenous coal as a source of power generation in Pakistan. As per the Generation License granted by NEPRA, ThalNova will supply electricity to the national grid for a period of 30 years.

Federal Coordinator for China Pakistan Economic Corridor Zafaruddin Mahmood, CMEC Chairman Sun Bai, CMEC Vice President Mr. Fang Yanshui, ThalNova CEO Khalid Siraj Subhani and representatives from China Development Bank, Bank of China, China Credit Insurance Agency and Habib Bank Limited were present on the occasion.

Cost-effective electricity production by ThalNova through indigenous Thar coal will help reduce power sector’s deficit and ultimately bring down the circular debt.

ThalNova’s CEO Khalid Siraj Subhani congratulated Sun Bai and the teams involved in this landmark milestone for ThalNova project, which is one of the Early Harvest Projects under the CPEC between the governments of Pakistan and China. Subhani also lauded excellent support from the Sindh Government and Federal Government for the development of ThalNova and other energy projects at Thar with the ultimate goal of alleviating energy crisis in Pakistan using local fuel resources.

CMEC Chairman Sun Bai reaffirmed CMEC’s commitment to Thar and congratulated Subhani and ThalNova on achieving this milestone. Thal Nova Power is an extension of the socially responsible businesses that reflect the DNA of its parent groups. ThalNova strongly believes in engaging the local communities in the areas where it operates and endeavors to play a positive influence on the local communities of Tharparker.