Faisalabad FIEDMC power station
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Faisalabad FIEDMC power station is a cancelled power station in Faisalabad, Punjab province, Pakistan.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Faisalabad FIEDMC power station | Faisalabad, Faisalabad, Punjab province, Pakistan | 31.429167, 73.078889 (approximate) |
The map below shows the approximate location of the power station.
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology |
|---|---|---|---|---|
| Unit 1 | cancelled | coal: unknown | 135 | subcritical |
| Unit 2 | cancelled | coal: unknown | 135 | subcritical |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | Shandong Ruyi Technology Group [100%] | Shandong Ruyi Technology Group [100.0%] |
| Unit 2 | Shandong Ruyi Technology Group [100%] | Shandong Ruyi Technology Group [100.0%] |
Project-level captive use details
- Captive industry use (heat or power): power
- Captive industry: Textiles
Financing
- Source of financing: International Commercial Bank of China (ICBC)
Background
The two 135 MW coal units proposed to be built by the Chinese 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 Commercial 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.[1]
Earlier in December 2013, Chinese Shandong Ruyi Science and Technology Group, along with Shahid Nazir Ahmad and Nazia Nazir, had made the public announcement of their intention to acquire a majority stake of 52% in Masood Textile Mills.[2] One source refers to the fact that the Fasalabad Shandong Ruyi Textile Park was a joint venture project together with Masood Textile Mills.[3] However, the deal to acquire Masood Textiles fell apart in September 2014 when potential acquirers withdrew for undisclosed reasons.[4] The proposed transaction 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.
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. It appears that the project was suspended after Shandong Ruyi Technology abandoned the acquisition of Masood Textiles.
Articles and Resources
References
- ↑ Imran Rana, "Foreign investment: Chinese group makes first installment for cotton mills," Express Tribune, November 3, 2014
- ↑ "Chinese firm Shandong Ruyi withdraws from acquiring Masood Textile Mills in Pakistan". https://www.yarnsandfibers.com/. October 2014.
{{cite web}}: External link in|website= - ↑ "ICBC loan to Faisalabad Industrial Estate Development and Management Company (FIEDMC) for the Ruyi-Masood Textile Industrial Park Project". https://china.aiddata.org/. May 2014.
{{cite web}}: External link in|website= - ↑ "Looking to take advantage: Chinese company acquires 12.7% stake in Masood Textile Mills," Expess Tribune, July 11, 2015
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
