Faisalabad FIEDMC power station
|This article is part of the CoalSwarm coverage of Pakistan and coal.|
Faisalabad FIEDMC power station was a proposed 270-megawatt (MW) coal plant in Faisalabad, Punjab province, Pakistan.
The map below shows the location of the M-3 Industrial City, the approximate location where the plant would have been built, near the town of Sahianwala, in Faisalabad district, Punjab province, about 20 km northeast of the city of Faisalabad.
The two 135 MW coal units proposed to be built by Shandong Ruyi Technology Group were intended to supply power for a new 600,000-spindle textile mill at Faisalabad Shandong Ruyi Textile Park, according to officials of Faisalabad Industrial Estate Development and Management Company (FIEDMC). The project was to be financed by the International Commerical Bank of China (ICBC).
In October 2014, FIEDMC issued a letter to the Chinese group to start construction. As of November 3, 2014, the date of a press report on the project, infrastructure and construction machinery dispatched from China were expected to arrive in Faisalabad within days. Land for the plant was acquired, and construction allegedly began on boundary walls and buildings. FIEDMC CEO Aamir Saleemi sought to dispel rumors that China had lost interest in the investment, noting that expenditures and work was proceeding.
In 2014, Masood Textile Mills was in talks with Shandong Ruyi Science and Technology Group along with Shahid Nazir Ahmad and Nazia Nazir for the sale of its majority shareholding. It received approval from the Competition Commission of Pakistan (CCP) along with a separate approval from the Ministry of Commerce of China to go ahead with the acquisition. However, the deal fell apart on September 30 when potential acquirers withdrew the public announcement of their intention to acquire up to 52% shares of Masood Textile Mills for undisclosed reasons.
There has not been any news on either the coal plant project or the overall Shandong Ruyi Faisalabad project since 2014, and it is unclear whether either project is still moving ahead.
- Sponsor: Shandong Ruyi Technology Group
- Parent company:
- Location: M-3 Industrial City, near Sahianwala, Faisalabad district, Punjab province, Pakistan
- Coordinates: 31.648, 73.209 (approximate)
- Status: Cancelled
- Capacity: 2 x 135 MW
- Projected in service:
- Coal Type:
- Coal Source:
- Source of financing: International Commercial Bank of China (ICBC)
Articles and resources
- Imran Rana, "Foreign investment: Chinese group makes first installment for cotton mills," Express Tribune, November 3, 2014
- "Looking to take advantage: Chinese company acquires 12.7% stake in Masood Textile Mills," Expess Tribune, July 11, 2015