Consortium to help finance $2 billion Engro coal-mining and power generation project

A consortium led by China Machinery Engineering Corp is set to finance a coal-based power plant and a mining project being developed by Engro Corp, a Pakistani firm.

The first phase of the $2 billion project will consist of a coal-based power plant with two 330-megawatt units in Thar Block II in the Sindh province of Pakistan and a coal mining project for power generation.