12th April, 2016 - Thar coal project achieves $2bn financial close

Engro Powergen Thar Ltd (EPTL) received government guarantee to formally recognise its $2 billion financial close of the coal mining and power project at Thar. A joint venture of Sindh Engro Coal Mining Company (SECMC) and ETPL will undertake the project construction at Thar (Block-II) for power generation beginning by mid-2019. The National Transmission and Despatch Company (NTDC) has also committed to establishing a 500kV Direct Circuit Transmission Line from Thar to Matiari.