International Electric Power granted permission to buy Sindh Engro shares

**KARACHI**: International Electric Power has secured approval to acquire a stake in Sindh Engro Coal Mining Company, as Engro Energy Limited announces the sale of 11.9% of its shares in the company, according to ARY News on Monday.

This acquisition will enable International Electric Power to become a major shareholder in Sindh Engro Coal Mining Company, which operates under the oversight of the Thar Coal Energy Board and the Government of Sindh.

The strategic partnership resulting from this share sale is expected to boost the country’s coal production through the adoption of advanced technologies.

Engro Energy Limited's decision to divest part of its stake is aimed at attracting new investment and promoting growth within the coal mining sector.

Earlier in August, Sindh Chief Minister Murad Ali Shah highlighted the need for investment in wind and solar energy, noting that this is now a nationwide priority. Addressing the media in Lahore, Shah emphasized the urgent electricity issues facing the country and praised the Thar coal power plants for generating some of the cheapest electricity in Pakistan.

He noted that Thar coal power plants produce over 3,000 megawatts of electricity, which is supplied to the national grid and eventually to Faisalabad, though it is not used in Sindh. Shah argued that Thar coal has the potential to generate even cheaper electricity and could drive job creation and export growth if industries utilize it.

The Chief Minister called for a comprehensive restructuring of the power sector to address these issues effectively.