AsiaPak Investments, a private enterprise, has unveiled an ambitious investment plan of $545 million to revive the stalled Jamshoro Coal Power Plant, boasting 96% completion but non-operational due to a lack of imported coal.
CEO Shaheryar Chishty announced during a recent visit that the company intends to repurpose the plant to utilize Thar Coal, along with managing coal from Thar Block One, breathing new life into the project and aligning it with the region’s energy requirements.
AsiaPak Investments has already submitted the investment plan, awaiting government approval to commence preparations.
The transition to Thar coal is expected to be completed within the next 10 months, integrating the electricity generated from the Jamshoro Coal power plant into the national grid by the following year. The first unit of the plant will contribute a substantial 660 MW of power upon becoming operational.
To sustain power generation, the plant will require a daily supply of 8,000 metric tonnes of coal, projected to produce an impressive 5 billion units of electricity annually, addressing 25% of Pakistan’s electricity demands.
Chishty affirmed that the project is scheduled for full operation by September 2024, coinciding with the expected completion of a rail link connecting the plant to the Thar mining area. Furthermore, K-Electric has expressed interest in participating in the project.
Initially heralded as the most cost-effective coal-fired plant, AsiaPak’s commitment and vision offer the promise of a more robust and reliable electricity supply for Karachi’s residents in the near future.
AsiaPak Investments’ bold plan to invest $545 million in rev