Pakistan's Competition Commission approves International Electric Power's acquisition of 11.9% of Sindh Engro Coal Mining Company.

The Competition Commission of Pakistan has approved International Electric Power's acquisition of 11.9% of Sindh Engro Coal Mining Company. The deal involves a new company, formed by Liberty Power Holding, Soorty Enterprises, and Procon Engineering, aimed at boosting Pakistan's coal mining sector. This acquisition is expected to enhance local coal production and reduce dependence on imported energy sources, underscoring coal's role in Pakistan's energy strategy.

September 09, 2024
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