CMC to invest $600m for establishing 405 MW local coal based power project
By Muhammad Ali Malik

ISLAMABAD—A five member delegation led by Vice President of China National Machinery Import & Export Corporation (CMC) Qin Ruijan called on the Secretary Water and Power Muhammad Ismail Qureshi here on Thursday.
The meeting was also attended by the Managing Director Private Power and Infrastructure Board Fayyaz Elahi and other senior government officials.
While appreciating the investor friendly policies of the Government of Pakistan particularly in the power sector, CMC submitted an informal proposal for setting up a 405 MW integrated coal mining cum power project at Sinda-Jherruk coal mines in Sindh with an estimated cost of about US$ 600 million.
The coal mines will have a production capacity of 180 Metric Tons per annum sufficient to fuel the proposed 405 MW power plant.
The Secretary Water and Power appreciated CMC’s decision to invest in the power sector of Pakistan using local coal, and encouraged them to submit a formal proposal so that it can be processed at the earliest by PPIB as per the provisions of the power policy. CMC is the 10th Largest State owned corporation of China and is the largest foreign trade enterprise engaged in import and export of machinery products in China having a trade sum of over US $ 73 billion, and has substantial experience in the development of coal mines and coal based power projects.
The interest of Chinese investors in power sector of Pakistan is a further step in realizing the Government of Pakistan’s efforts to speed up investment in the power sector utilizing indigenous coal resources of the country.