Thar Block VI
Thar Block VI coalfield is located 380 km to the east of Karachi, 20 km northeast of Islamkot, and 70 kilometers east of Mithi. Covering an extensive expanse of 9100 square km, this area hosts a significant lignite resource of more than 185 billion tonnes, which makes it the sixth largest lignite reserve in the world.
Oracle Power owns a 30-year mining lease for Block VI which boasts over 1.4 bn tonnes of lignite coal (JORC resource). Oracle power was included in the CPEC (China Pakistan Economic Corridor) program, for financing support in 2014. In 2016 the Project was elevated to priority project status in CPEC. Furthermore, in the 9th JCC meeting in 2019, it was also included in the Oil & Gas working group for development support. The company has extensively diversified and enhanced the initial coal to power development at Block VI.
Development Pathways
- Mining the coal as feedstock for the proposed 1320MW Power Plant
- Sale of coal to other power plants and industry
- Coal-to-gas to produce urea/fertilizer (a commodity in high demand) and coal-to-liquids facility
To develop the Thar Coal Project, the Company signed a JDA with China National Coal Development Company and the Private Office of Sheikh Ahmed Dalmook Al Maktoum in Dec 2019 for coal to power and CTG/CTL development.
73% proposed equity under Consortium Agreement
15% proposed equity under Consortium Agreement
12% proposed equity under Consortium Agreement
Thar Coal Block IV is expected to be undertaken in two phases:
- Phase I: 7.9 million tonnes per annum open-pit coal mine with a mine-mouth power plant of 1,320MW
- Phase II: Expansion of the coal mine up to 16 million tonnes per annum production to support a coal gasification and coal-to-liquid facility parallel to the power plant of 1,320 MW.
