CPEC’s ThalNova to begin operations

China Pakistan Economic Corridor (CPEC)’s 330MW lignite fired power plant at Thar Coal Block II in Sindh successfully achieved its commercial operations date on February 17, 2023

ThalNova is a joint venture among Hub Power Company Limited (HUBCO), Thal Limited, Novatex Limited, China Machinery Engineering Corporation (CMEC), and Descon Engineering Limited

Foreign financing for the project was arranged from a Chinese syndicate, led by the China Development Bank whereas local financing has been arranged via a syndicate led by Habib Bank Limited

Construction on the project started in March 2019 to ensure the project reached its Commercial Operation Date (COD) in a timely manner and begins utilising local Thar coal as soon as possible

ThalNova is a European technology-based power plant with the boiler, turbine and generator designed and manufactured by world renowned company General Electric

This leads to higher reliability standards and controls emissions to even lower than those allowed by the Sindh Environmental Protection Agency (SEPA)

The plant is expected to generate electricity at extremely affordable rates

According to details, ThalNova utilises Thar coal, sourced through the Sindh Engro Coal Mining Company (SECMC)

The utilisation of indigenous fuel is a development that will further aid in revolutionising the Pakistani energy sector

Amidst the current economic scenario and soaring prices of fuel, cheaper energy production via the Thar coal will impact Pakistan’s development immensely

Published in The Express Tribune, February 18th, 2023

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Date:19-Feb-2023 Reference:View Original Link