The MoU was signed by Syed Abbas Ali Shah, Director General, Sindh Coal Authority and Muhammad Idrees, CEO, Ms Idrees Steel Co.
The Government of Sindh, after demarcation of the area jointly by SCA and Director General, Mines and Mineral development, Sindh and technical personal of the company, will allocate an area of 65.56 sq. km to Idrees Steel Co. for conducting the feasibility study.
The company would carry out survey and exploration investigation at own coast and risk for completing the feasibility study.
The company would carry out survey and explorationinvestigation at own cost and risk for completing the feasibility study of Thar coal in Block V and adjacent area for development of coal mine and establishment of power of minimum capacity of 300 MW.
The Sponsor Company will submit complete coal mining feasibility study report to Sindh Coal Authority within 18 months of signing of the MoU.
The feasibility study report shall determine suitable quality and quantity of coal, which can be economically and safety mined, handled and transported to the power plant in order to provide at least one million tones of coal or more annually for 30 years.
Ms Idrees Steel Co shall apply for letter of intent to Private Power and Infrastructure Board (PPIB), Water and Power Development Authority (WAPDA), Government of Pakistan for allowing establishment of proposed power plant.
The ceremony was attended by Irfanullah Khan Marwat, Minister for Mines and Mineral Developmeent, Sindh, Abdul Hamid Akhud Secretary, Mines and Mineral Development department, Syed Abbas Ali Shah, Director General, Sindh Coal Authority, Muhammad Khalid Mirza, Director General, Mines and Mineral Development, Muhammad Idrees, Fahad Idrees of Idrees Steel Co.

Copyright APP (Associated Press of Pakistan), 2007