www.sindhcoal.gos.pk

Vision

To position Sindh as the power house of the region

MissionTo develop Thar Coal as a major source of power generation for En-

ergy & Economic Security of the country and as a Hub of Petro Chemi-

cal Industry

GoalTo generate at least 10,000 MW by 2020

We offer

• Huge proven reserves with authentic data

• Higher returns for investors

• Business friendly policies & environment

• Excellent incentives, concessions & protections

ii

Thar Coal – The Most Attractive Investment Opportunity 01

Quality of Coal at Thar 02

Investment Status in Thar Coalfield 03

Fiscal Incentives for Development of Indigenous Coal Resources 04

Investment Opportunities in Thar 05

Procedure for Allocation of Blocks 05

Environment & Social Studies 06

Water Master Plan 06

Thar Coal Resources at a Glance 07

Thar Coal & Energy Board - its role & functions 08

Composition of Thar Coal & Energy Board 09

Thar Coalfield Blocks Layout 10

Infrastructure available at Thar 11

Infrastructure planned at Thar 12

Table of Contents

iii

Thar Coal – the most attractive Investment Opportunity

1. World’s biggest lignite reserves

Pakistan’s coal resource potential is estimated to be around 186 billion

tonnes out of which 175 billion tonnes are found in Thar — the largest lig-

nite deposit in the world. Thar Coalfield is located 360 km from Karachi

port in the south eastern arid zone region of Pakistan which is one of the

most peaceful & harmonious area of the country. Thar Coal resources

have an estimated potential of generating 100,000 MW of electricity for

a period of 300 years; thus, providing an opportunity for large scale min-

ing & power generation over a long period of time.

2. Central part of future Energy Mix in Pakistan

To address the persistent energy gap, the large indigenous coal (lignite)

resources at Thar in Sindh Province form an integral part of Pakistan’s

long term energy security strategy. Thar resource has a very good po-

tential to be a viable option for providing dependable indigenous source

of energy. Development of Thar is envisioned to emerge through a part-

nership of government and the private sector, wherein the private sector

would assume investment risk subject to viable commercial market con-

ditions and the government would provide the enabling environment nec-

essary to facilitate such investments.

Thar Coal - Means to Energy Security in Pakistan

1

Thar lignite has a

stripping ratio of 6:1

and heating value of

5,000 to 5,500 Btu/lb

which is better than

many lignite re-

sources being suc-

cessfully used for

mining and power

generation:

• India’s Neyvelli lignite has a stripping ratio of 7:1 and heating value

of 5,200 Btu/lb. Total generation based on Neyvelli lignite is more

than 2,700 MWs.

• Hungary’s lignite has stripping ratio of 9:1 and heating value of 3035

Btu/Lb and power generation above 1800 MWs.

• Germany’s Rhineland lignite having stripping ratio of 4.9:1 and heat-

ing value of 3830 Btu/lb and is fueling power generation of more than

10,200 MW.

Quality of Coal at Thar

Deposit Stripping Ratio (m³ : t) Heating Value (MJ/kg)

Thar 6.6 : 1 11.6

Kosovo 1 : 1 7.8

Rhenish Area, Germany 4.9 : 1 8.9

Hambach, Germany 6.3 : 1 10.5

Hungary 9 : 1 7.1

Greece 10:1 5.02

Comparison of Thar with Other International Mines

2

GoS has developed 12 blocks so far covering around 1000 sq km out

of 9100 sq km. The status of on-going Projects is given below:

Status of Projects at Thar Coalfield

Thar Coal Blocks Status / Timelines

Investment Status in Thar Coal Field

3

Block-I

Global Mining Company of China

Open cast Mining of 10 mtpa 900 MW

Coal supply to local thermal plants and

cement industry after briquetting

Block-II

Sindh Engro Coal Mining Company

(JV: 40% GoS; 60% Engro)

Open cast mine of 6.5 mtpa & 1200MW

Block-V

UCG Project

Under Ground Coal Gasification Project

2X50 MW IGCC Power Plant Planned

Block-VI

Oracle Coalfields, PLC (UK)

Open cast mine of 5 mtpa

MoU signed with KESC for 300MW

Bankable Feasibility completed March, 2012

Mining Lease issued May, 2012

Coal Production to start by 2015

Power Generation by 2015-16

Bankable Feasibility completed 31st Aug. 2010

Mining Lease issued August, 2011

Project financing activity continued.

Chinese Funding through JEWG is

being solicited

36 bore holes have been drilled.

Test Burn done in Dec. 2011

Power Plant of 8-10 MW is being

established.

Detailed Feasibility Completed Oct. 2011

Mining Lease issued May 2012

Start of Mine development by mid-2013

The following set of in-

centives are available to

facilitate investors for

development of indige-

nous Coal resources of

Sindh for Mining and

Power Generation.

Special EconomicZone• Thar Coalfield is declared has been declared as Special Economic

Zone and all Development Project in Thar region (including coal min-

ing and power generation) have been declared as ‘Projects of Na-

tional Security’.

Guaranteed Rate of Return• 20% (dollar-based) IRR is guaranteed to firms which achieve Finan-

cial Close before 31st December, 2015 for Mining & Power Genera-

tion based on indigenous coal and additional 0.5% i.e. 20.5% IRR for

firms which achieve Financial Close by 31st December, 2014.

Exemptions/concessions• Zero percent customs duties on import of coal mining equipment and

machinery including vehicles for site use.

• Exemption on withholding tax to shareholders on dividend for initial

30 years.

• Exemption on withholding tax on procurement of goods and services

during project construction and operations.

• Exemption for 30 years on other levies including Special Excise Duty,

Federal Excise Duty, WPPF and WWF.

Fiscal Incentives for Developmentof Indigenous Coal Resources

4

Streams of Investment:

The investors may enter into Joint Venture with existing Project Devel-

opers or may opt for acquiring new Blocks for any of the following busi-

ness opportunities.

1. Coal Mining

2. Integrated Coal & Power Generation Project

3. Mine Mouth Power Project

4. Underground Coal Gasification

5. Coal to liquid Technologies

6. Briquetting- Dried lignite from Thar can be transported and utilized by

retrofitted Thermal Power Plants and industry

7. Any other utilization which may be proposed by project sponsors

Procedure for allocation of Blocks

Sindh Mining Concession Rules - 2002 spell out concession award pro-

cedure which is also available at our website www.sindhcoal.gos.pk. The

successful applicant will get Exploration License after signing an MOU

with Sindh Coal Authority. The Exploration license is generally granted for

bankable feasibility studies (BFS) for a period of one year extendable on

valid grounds. The license holder shall be required to submit reports on

quarterly basis. The exploration license granted can be cancelled if con-

ditions of MoU or Exploration License are not fulfilled. After successful

completion of feasibility report, the Exploration License shall be con-

verted into Mining Lease in accordance with the provisions of Sindh Min-

ing Concession Rules 2002.

Investors are expected to submit credible financing plans for the project

including debt/equity financing.

Sindh Coal Authority shall provide all available data of the exploratory

work conducted in a Block to the holder of Exploration License free of

charge.

The investors are also expected to provide firm timelines with three

monthly milestone plan. Preference will be given to those who offer nar-

row timelines leading to early completion of BFS and project execution

phase.

Investment Opportunities in Thar Coal include:

5

Environment and Social Studies

All environmental standards as enunciated in the Pakistan Environmen-

tal Protection Agency (PEPA) Act 1997, relating to environmental pro-

tection, environmental impact and social soundness assessment, shall

be ensured. The Government of Sindh is also conducting Environmen-

tal and Social Studies, Land Use Plan including Resettlement Frame-

work for Thar Coalfields.

Water Master Plan

The policy of the Government to attract foreign investments in Thar Coal

Sector for allocation of various Blocks has enhanced the foreign interest

in Thar Coalfield resulting increased activities of coal mining and power

generation companies, which necessitated the placement of an optimal

Water Master Plan. In view of peculiar hydrological and hydro-geological

conditions of Thar, the early formulation of Water Master Plan is essen-

tial for hydro-related activities, to regulate all project developers and also

to facilitate development of Thar Coalfield. Hence, the Coal and Energy

Development Department is preparing a comprehensive Water Master

Plan for Thar Coal fields including hydro geological, water supply and

Wastewater Management Studies.

6

7

Thar Coal Resources at a Glance

Block Area Sq. Total Moisture Ash Vol. Sulphur Heating Value Fixed Carbon

Km Reserves % % matter % % (As Received) %

bn ton Btu/lb

I 122 3.56 43.13 6.53 30.11 0.92 6398 20.11

II 79.6 2.24 47.89 7.37 25.15 1.12 5008 19.68

III-A 99.5 2.00 45.41 6.14 28.51 1.12 6268 19.56

III-B 76.8 1.45 47.72 9.30 25.49 1.15 4808 16.79

IV 82 2.47 43.24 6.56 29.04 1.20 5971 21.13

V 63.5 1.39 46.82 8.92 30.24 1.20 5682 13.26

VI 66.1 1.65 46.80 5.89 29.34 0.90 5727 16.6

VII 100 2.17 48.27 8.03 25.30 1.16 5440 25.30

VIII 100 3.03 49.57 7.78 24.32 1.44 5302 18.10

IX 100 2.86 48.60 5.92 29.03 0.96 5561 15.73

X 100 2.87 48.99 6.35 30.79 1.17 4840 13.54

XI 101 1.61 49.97 8.07 24.16 1.61 5228 17.26

XII 100 2.34 50.82 5.71 25.00 1.11 5459 17.26

Note: Blocks VII to XII are available for allocation to Project Developers.

In order to fast track the development of coal, especially the largest coal

resources of Thar, one stop decision taking body Thar Coal and Energy

Board (TCEB) was established under the Chief Executive of the Province

with representation from Provincial and Federal Governments. Besides

this, the present Government also established Coal and Energy Devel-

opment Department in April 2009 mainly to focus on the exploration and

development of coal resources of the Province. Thar Coal & Energy

Board acts as one stop organization on behalf of all Ministries, Depart-

ments and agencies of the Government of Pakistan/ Sindh in the matters

relating to approval of the Projects for Coal Mining in Thar and for Coal-

fired Power generation plants or for other uses of Thar Coal. The primary

role of the Board is to facilitate and coordinate with domestic, foreign and

international institutions for speedy development of Thar Coal.

All projects of coal mining, power generation and other uses, in Thar

Coalfield including infrastructure projects are being coordinated and mon-

itored directly by the TCEB. All relevant departments are being coordi-

nated for expeditious completion of the infrastructure projects.

Thar Coal and Energy Board

8

1. Chief Minister Sindh Chairman

2. Federal Minister for Water & Power Vice-Chairman

3. Federal Minister for Finance Member

4. Federal Minister for Law and Justice Member

5. Deputy Chairman, Planning Commission Member

6. Provincial Minister (Irrigation ) Member

7. Provincial Minister (Revenue) Member

8. Provincial Minister (Finance) Member

9. Woman MNA from Thar Region Member

10. Federal Secretary, Ministry of Water and Power Member

11. Chief Secretary, Govt. of Sindh Member

12. Secretary, Coal & Energy Development Dept. Member

13. One eminent Person Member

14. Managing Director, TCEB Member/Secretary

Composition of Thar Coal & Energy Board

9

10

ROAD NETWORK70 tonnes load carrying capacity metalled road is

available up to Coal field area.

COMMUNICATION Telephone & Internet communication through

Optic fiber cable is available up to Thar Coalfield

area.

DRINKING WATER Reverse Osmosis Plants in Thar are available for

provision of potable water to the inhabitants of

Thar as well as project staff free of cost.

RESCUE STATIONRescue Station in coal mining area at Thar coal-

field covering an area of 8,200 sq. ft. has been

constructed.

LIBRARY A Coal library containing documents having

relevent information on Coal is situated at office

of Sindh Coal Authority.

THAR LODGEThar Lodge at Islamkot with 20-bedded accom-

modation to facilitate foreign and local investors

has been constructed.

Infrastructure Available at Thar

11

TRANSMISSION LINEThe NTDC is executing two schemes for power evac-

uation from Thar:-

Phase – I: Transmission Line from Thar Coalfield to

Matiari

Phase – II: Transmission Line from Matiari to Rahim

Yar Khan

AIRPORTThe Civil Aviation Authority is executing the work of

construction of Thar Airport at a distance of 8-10 kms

from Thar Coalfield which is expected to be opera-

tional by December 2013.

PROVISION OF HEAVY DUTY ROADFor improvement of Road Network following 3

Schemes are in pipeline:

• From Seaport Karachi to Wango More via Thatta,

Badin (200 km)

• From Wango More to Thar Coalfield (135 km)

• From Hyderabad to Thar Coalfield via MPK, Digri,

Noukot, Mithi

(155 km)

PROVISION OF WATER The GoS is executing schemes of supply of 100

cusecs treated water from Left Bank Outfall Drain to

Thar Coalfield.

EFFLUENT DISPOSALThe GoS is executing a scheme of constructing 50

cusecs mine water drainage channel from Thar

Coalfield which will be completed by Dec, 2013.

RAILWAY LINKPRACS has prepared feasibility for broad gauge rail

link up to Islamkot.

Infrastructure Planned in Progress at Thar

12

Thar Coal – Investment Opportunities in Pakistan

By

Ajaz Ali Khan

Secretary Coal & Energy Development Department/

MDThar Coal & Energy Board

Government of Sindh, Pakistan

secy@sindhcoal.gos.pk

Key Energy Issues Facing Pakistan

• Rising energy demand

• Significant energy shortage

• Energy Mix out of step with world norms

• Continuing long term trend of rising oil prices

• Natural gas demand exceeding supply

• Very large untapped potential source of power

generation fuel in Thar Lignite Deposit

Hydel, 30.3%

Coal, 0.1%

Oil, 35.4%

Gas, 32.4%

Nuclear, 1.8%

Pakistan Power Generation Fuel Mix 2008-09 World Power Generation fuel Mix 2008-09

World Pakistan

A Comparison of Power Generation fuel Mix

Nuclear

Hydel

Gas

Oil

Coal

others

Nuclear 15%

Hydro 16%

Gas 20%

Oil 6%

Coal 41%

Others 2%

Widening Demand & Supply Gap Projection for Pakistan’s Power Sector

Current Installed

Capacity (MW)

Projected Demand Gap (MW)

Year MW

23,412

2015 36,217 12,805

2020 54,359 30,947

2025 80,566 57,154

2030 113,695 90,283

Future Energy Demand Supply Gap is Alarming!

Source: Pakistan Electric Power Company (PEPCO) 3

Thar Desert is one of the largest coal reserve estimated at 175 billion ton

Sindh 186 billion tons

Punjab 235 million tons

Balochistan 217 million tons

KP 90 million tons

Azad Kashmir 9 million tons

Pakistan’s Coal Reserves

Thar

Thar Coal Reserves Block Reserve

bn ton

Moisture

%

Ash % Vol.

Matter %

Sulphur % Fixed Carbon

%

I 3.56 43.13 6.53 30.11 0.92 20.11

II 2.00 48.89 5.21 26.55 1.05 19.68

III-A 2.00 45.41 6.14 28.51 1.12 19.56

III-B 1.45 47.72 9.30 25.49 1.15 16.79

IV 2.47 43.24 6.56 29.04 1.20 21.13

V 1.39 46.82 8.92 38.24 1.20 13.26

VI 1.65 48.32 7.62 36.22 1.52 16.6

VII 2.17 48.27 8.03 25.30 1.16 25.30

VIII 3.03 49.57 7.78 24.32 1.44 18.10

IX 2.86 48.60 5.92 29.03 0.96 15.73

X 2.94 48.99 6.35 30.79 1.17 13.54

XI 1.61 49.97 8.07 24.16 1.61 17.26

XII 2.34 50.82 5.71 25.00 1.11 17.26

Global Lignite Qualities

Country Moisture %

Ash %

Volatile

Matter %

Sulphur %

Australia 65.5 0.6 17.6 0.1

Bosnia 51 2.0 30.3 0.05

Germany 55 10 19.2 0.2

Greece 52 15.1 18.8 0.2

India 48 6.1 25.6 0.6

Kosovo 51 15 20.8 <1.0

Pakistan

(Thar)

46 7.0 28.0 0.7 - 1.1

Poland 52.8 9.8 20.0 0.6

Serbia 45.5 17.0 22.5 0.49

Thailand 30-35 10-28 32 0.8-1.5

Turkey 50 16 22.8 1.7

Deposit Stripping Ratio

(m³ : t)

Heating Value

(MJ/kg)

Thar 6.6 : 1 11.6 (5000 Btu/lb)

Kosovo 1 : 1 7.8 (3350 Btu/lb)

Rhenish Area,

Germany

4.9 : 1 8.9 (3830 Btu/lb)

Hambach, Germany 6.3 : 1 10.5 (4510 Btu/lb)

Hungary 9 : 1 7.1 (3050 Btu/lb)

Greece 10:1 5.02 (2159 Btu/lb)

Comparison of Thar Lignite with other Countries

Credibility of Reserves

Studies Conducted By:

United States Geological Survey RWE of Germany M/s Shenhua of China Sindh Engro Coal Mining Company(SECMC) Oracle Coalfields (UK) Geological Survey of Pakistan Sindh Coal Authority

All studies confirm presence of huge coal reserves

• Thar Coalfield is declared as Special Economic Zone, and projects of

development of Thar declared as ‘Projects of National Security’

• 20% ($ Based) IRR to firms which achieve Financial Close before Dec

2015 for Mine & Power Plants based on indigenous coal and 20.5% IRR

for firms which Financial Close by or before Dec 2014.

• Zero percent customs duties on import of coal mining equipment and

machinery including vehicles for site use.

• Exemption on withholding tax on dividend for initial 30 years.

• Exemption on withholding tax on procurement of goods and services

during project construction and operations.

• Exemption for 30 years on other levies including special excise duty,

federal excise duty, WPPF and WWF.

Fiscal Incentives for Coal Development

Infrastructure Available at Thar

ROAD NETWORK

• 70 tonnes load carrying capacity road is available up to Coalfield area.

COMMUNICATION

• Telephone & Internet communication through Optic fiber cable is available up

to Thar Coalfield area.

DRINKING WATER

• Reverse Osmosis Plants in Thar are available for provision of potable water

to the inhabitants of Thar as well as project staff free of cost.

THAR LODGE

• Thar Lodge at Islamkot with 20-bedded accommodation to facilitate foreign

and local investors has been constructed.

RESCUE STATION

• Rescue Station in coal mining area at Thar coalfield covering an area of

8,200 sq. ft. has been constructed.

LIBRARY

• A Coal library containing documents having relevant information on Thar

Coal, is situated at office of Sindh Coal Authority.

Infrastructure Planned at Thar

TRANSMISSION LINE

• NTDC is executing two schemes for power evacuation from Thar:- • Phase – I: Transmission Line from Thar Coalfield to Matiari

• Phase – II: Transmission Line from Matiari to Rahim Yar Khan

AIRPORT

• Civil Aviation Authority is executing the work of construction of Thar Airport at a distance

of 8-10 km from Thar Coalfield which is expected to be completed by Dec. 2013.

PROVISION OF HEAVY DUTY ROAD

• Govt. of Sindh is executing two schemes for improving roads which will be completed by

September, 2014: • From Seaport Karachi to Wango More via Thatta, Badin (200 km)

• From Wango More to Thar Coalfield (135 km)

RAILWAY LINK

• PRACS has prepared feasibility for broad gauge rail link up to Islamkot.

EFFLUENT DISPOSAL

• The GoS is executing a scheme of constructing 50 cusecs mine water drainage channel

from Thar Coalfield which will be completed by Dec. 2013

PROVISION OF WATER:

• The GoS is executing scheme of supply of 100 cusecs treated water from Left Bank

Outfall Drain to Thar Coalfield. These will be completed by Oct 2014

Ways of Collaboration by Turkish Institutions & Companies

I. Investment in Existing Open-pit Coal Mining/ UCG Projects

II. Investment on Developing Thar Coal-based Power Plant

III. Acquiring New/ Independent Blocks at Thar Coalfield

IV. Investment in Building & Operating Railway Link to Thar

Coalfield

V. Collaboration by Universities/ Training Institutes to upgrade

Polytechnic Institute at Mithi, Thar District.

Thar Coal Blocks Status/ Timelines

Block-I

Global Mining Company of China

Open cast Mining of 10 mtpa 900 MW

Coal supply to local thermal plants and

cement industry after briquetting

Bankable Feasibility completed March, 2012

Coal Production planned to start by 2016

Power Generation by 2016

Block-II

Sindh Engro Coal Mining Company

(JV: 40% GoS; 60% Engro)

Open cast mine of 6.5 mtpa & 1200MW

Bankable Feasibility completed August 2010

Project financing activity continued.

Chinese Funding is being solicited

Coal off-take agreement with GENCO is being finalized

Block-V

UCG Project

Under Ground Coal Gasification Project

& Power Plant Planned

36 bore holes have been drilled.

Test Burn done in Dec. 2011 and Syn gas being produced.

Power Plant of 8-10 MW is being established

Block-VI

Oracle Coalfields, PLC (UK)

Open cast mine of 5 mtpa

Detailed Feasibility Completed

Start of Mine development to begin in mid 2013

JDA signed with KESC for 300 MW

Investment in Existing Open-pit Coal Mining/ UCG Projects

Investment in Developing Thar Coal-based Power Plants

• Mine Mouth Power Plant at Thar Coalfield

• For 300 MW, required infrastructure like water (ground water) for Power

Plant and Transmission Line are available.

• For 600 MW or more, required infrastructure like water (surface water) for

Power Plant and Transmission Line are being provided.

• Power Plant at Jamshoro (280 km from Thar Coalfield) or Badin

(180 km from Thar Coalfield)

• For this option required infrastructure like road network for lignite

transportation, water for Power Plant and Transmission Line are already

available.

• Study conducted by RWE – Germany confirmed the viability of coal (lignite)

transportation from Thar to Jamshoro and Badin.

• Conversion of existing RFO-based Power Plants to Thar Coal

• RFO-based Power Plants at Jamshoro, Guddo, Muzzafargarh etc are

being converted to coal which provides an opportunity to investors

Available Blocks at Thar Coalfield for New

Independent Projects

Block Total

Reserves

(bn tons)

Area

(sq. km)

Moisture

(%)

Sulphur

(%)

Ash

(%)

Heating

Value

(Btu/lb)

Fixed

Carbon %

VII 2.175 100 48.27 1.16 8.03 5440 25.30

VIII 3.035 100 49.57 1.44 7.78 5302 18.10

IX 2.862 100 48.60 0.96 5.92 5561 15.73

X 2.947 100 48.99 1.17 6.35 4840 13.54

XI 1.61 101 49.97 1.61 8.07 5228 17.26

XII 2.34 100 50.82 1.11 5.71 5459 17.26

Building and operating Railway link to Thar coalfield

• Thar lignite can also be transported to other parts of the country

particularly to use in the New or existing Thermal Power Plants being

converted on coal.

• To make transportation of lignite more feasible, the Government had

conducted Feasibility Study through PRACS for providing rail link to

Thar coalfield with existing section of Pakistan Railway track.

• Laying of new track (120-150 km) and replacing narrow gauge to

broad gauge besides building stations, level-crossings & minor

bridges will be required

• The companies may develop the Railway Project from Thar coalfield

to existing track on BOO basis or other agreed structure by Pakistan

Railway.

Collaboration by Turkish Universities/ Training Institutes to

Upgrade Existing Polytechnic Institute at Mithi, District Thar

• It is anticipated that with the development of coal mining, power

generation and related projects there would be a great requirement of

skilled manpower in the area.

• The Government of Sindh plans to upgrade the Polytechnic Institute

Mithi by affiliating it with some international institute of repute which

shall confer its certification to the trainees.

• The existing building of Institute stands over 36,700 square feet, and

is equipped with furniture, fixture and necessary equipment.

• Up-gradation would include, but not limited to, following:-

• Identification of Courses in consultation with Mining & Power Companies

• Developing the Modules for Trainees

• Identifying improvement in existing facilities of the Institute

• Training of Master Trainers and Trainees

• Certification to Master Trainers and Trainees

Thanks

Thar Block I Mining & Power Project

Company Profile Sino-Sindh Resources Ltd (SSRL).

SSRL is 100% owned by Global Mining (China) company formed for the

purposes of investing in Thar Coalfields by its shareholders.

The company has committed 6 million USD already to the project and has a

surplus 4 million USD in contingency to fund any other need during development

process.

Project Introduction 10 Million Tonnes per Annum coal mine and 900 MW Power Plant

Feasibility Study has completed

The mine will work for 2 different consumption models. Around 5 MTPA coal

will be used by the Power Plant of 900 MWs gross capacity. The remaining coal

will be sold to Government owned GENCOs for their coal conversion efforts and

upcoming IPPs in the country.

Viability GoP has declared Thar Coal fields as Special Economic Zone and Thar Coal Projects

are exempted for 30 years from all taxes and 20% USD based IRR is allowed for the

Projects.

Financial Details According to preliminary estimates, the total investment requirement to develop a 10

Million Tonnes per Annum (MTPA) mine is around US$ 1.5 billion and 900 MW

Power Plant is around US$ 1.7 bn.

Contact Details Mr. Athar Naseem, Director Sino-Sindh Resources (Pvt) Ltd.

athar1954@gmail.com

Thar Block II Mining & Power Project

Company Profile Sindh Engro Coal Mining Company, a JV between Govt. of Sindh & Engro

Group of Pakistan.

Engro was founded in 1964 as Joint Venture between Esso and Government of

Pakistan to setup a first Urea plant in Pakistan.

Engro is one of the largest group in Pakistan, working in the fields of fertilizer,

chemical, PVC, foods, commodity trade etc

Project Introduction Coal Mining: 6.5 mtpa and Mine Mouth Power Generation: 2 x 600 MW

Bankable Feasibility Study for Coal Mining Project (6.5 mtpa coal mine) has

been completed by internationally renowned Consultants such as RWE-Germany,

SRK-UK, Sinocoal-China in compliance with International Standards.

Total Lignite reserve in Thar Block II - 2 B tons ; Exploitable Reserve - 1.57 B

tons which can support 5,000 MW for 50 years. Additionally, Thar lignite can

also replace imported oil for power generation.

Viability GoP has declared Thar Coal fields as Special Economic Zone and Thar Coal Projects

are exempted

for 30 years from all taxes and 20% USD based IRR is allowed for the Projects.

Financial Details Total Project Cost for Mining and Power Projects is ~ USD 3 Billion & resultant

electricity tariff is competitive with imported coal electricity tariff.

Contact Details Mr. Shamsuddin Shaikh, CEO Sindh Engro Coal Mining Company

sashaikh@engro.com

Thar Block VI Mining & Power Project

Company Profile Oracle Coalfields incorporated in England and Wales in July 2006, Oracle listed

in the London Stock Exchange on the PLUS Markets, in August 2007. The

company successfully listed on the Alternative Investment Market (AIM) in the

UK, in April 2011.

Project Introduction Bankable Feasibility Study for Coal Mining Project (5 mtpa coal mine) has been

completed by SRK Consulting in compliance with International Standards.

JORC mineral resource of 529 million wet tonnes (Mwt) in a 20 km² area of

the license and 113 Mt JORC proven coal reserve in Phase I

Open-pit coal mine development expected in H1 2013 with initial production

expected H2 2014

JDA signed with KESC for 300 MW Power Plant

Viability GoP has declared Thar Coalfield as Special Economic Zone and Thar Coal Projects

are exempted for 30 years from all taxes and 20% $ based IRR is allowed for the

Projects.

Investment Option The investors can work out modalities of establishing 300 MW Power Plant based on

coal mined by Oracles.

Contact Details Mr. Shahrukh Khan, CEO Oracle Coalfields

s.khan@oraclecoalfields.com

Thar Block V UCG Project

Company Profile The Planning Commission, Government of Pakistan has approved this R&D

Project and engaged Pakistan’s renowned scientist Dr. Samar Mubarakmand to

develop a local technology and execute the Pilot Project.

Project Introduction The Project is for production of Syngas from Thar and establishment of UCG

based Power Plant of 100 MW and has following components:-

Creation of New Processing facilities (for handling and purification of coal gas

produced by underground coal gasification)

Creation of New Processing facilities(for production of coal gas by underground

coal gasification)

2X50 MW Power Plant (IGCC)

Test Burn was ignited on 11th December, 2011

Presently, Power Plant of 8-10 MW is being established.

Investment Option • Presently, Power Plant of 8-10 MW is being established, at the cost of PKR 1.8

bn.

• Government of Pakistan has already released PKR 900 for this scheme.

• Investors may collaborate with UCG Project in establishing Power Plant or Coal-

to-Liquid plant.

.

Infrastructure for Thar Coalfield