Shanghai Electric Achieves Financial Close for Coal Mine Project of Thar Block-1 Integrated Coal Mine-Power Project in Pakistan

THAR PARKAR, Pakistan, Feb. 28, 2020 /PRNewswire/ — Shanghai Electric Group (“Shanghai Electric” or “the Company”), the world’s leading manufacturer and supplier of power generation and industrial equipment, one-stop energy solution provider, announced that it had achieved the financial close for the Coal Mine Project out of the Thar Block-1 Integrated Coal Mine-Power Project. The Thar coalfield is the largest in Asia, which holds an estimated lignite resource exceeding175 billion tons, covers an area of over 9,000 square kilometers in the Thar Desert in the southeastern part of Pakistan’s Sindh Province.