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Potential Halt in Thar Coal Mining Looms Over Unsettled Payments

“Sindh Engro Coal Mining Company faces financial challenges as power plants owe Rs 55 billion, putting mining operations at risk. The energy industry’s revolving debt impacts timely payments, threatening national energy security and potentially costing the government $50 million monthly for coal imports.”

Potential Halt in Thar Coal Mining Looms Over Unsettled Payments

Sindh Engro Coal Mining Company is in trouble because it doesn’t have enough money, and there’s a risk that it might have to stop mining.

Right now, this company provides about 760,000 tonnes of coal every year from Thar to three power plants. These power plants make enough electricity according to the National Transmission and Dispatch Company’s list.

But, because these power plants owe Sindh Engro Coal Mining Company Rs 55 billion, the company is running low on money, and there’s a fear that they might have to stop mining.

This debt issue is a big problem for the energy industry. The power plants, known as IPPs, are having trouble paying their bills to the government and regulators. This, in turn, affects the whole energy chain, including Sindh Engro Coal Mining Company, as they can’t make their payments on time.

Sources say that because of these unpaid bills, Sindh Engro Coal Mining Company is struggling to keep its operations going smoothly. They need money for things like running the operations and buying fuel, equipment, and spare parts.

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This situation is not just a problem for the company; it’s also a worry for the country’s energy security. If Sindh Engro Coal Mining Company has to stop working, the government will have to spend $50 million per month to import coal and keep the electricity balance in check.

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