Engro Sindh Coal Power ProjectProject Overview by MISL

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Company Structure Overview

Engro Powergen was incorporated in 2008, as a fully owned subsidiary of Engro, to develop power projects in Pakistan.

The Sindh Engro Coal Mining Company Limited (SECMC) is a JV between the Government of Sindh and Engro Powergen, to mine coal from Thar Block II.

MISL Confidential

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Sindh Engro Coal Mining Company

40

60

SECMCL Ownership Stake

Government of Sindh (GoS)Engro PowerGen Limited (EPL)

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Feasibility Studies

Study Company

Detailed Feasibility Study Sinocoal, China

Hydrological Study Northeast Coal Bureau, China

Drilling Fieldwork Deep Rock Drilling, Pakistan

Environmental & Social Impact Assessment

Hagler Bailly Pakistan/ SRK, UK

Ground Water Modeling & Mitigating Strategy for ESIA

RWE, Germany

Financial Model and Economic Viability Assessment

RWE, GermanyMISL Confidential

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Thar Coal Reserves

Thar Desert contains the world’s 7th largest coal reserves, totaling an estimated 175 billion tons of Lignite grade coal.

This is equivalent to 50 billion ton of crude oil, more than Iran & Saudi Arabia’s combined oil reserves.

Phased development can lead to 400 – 600 mt /year coal mining in 20 years

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Coal Quality

The coal beds of variable thickness ranging from 0.20 – 22.81 meters are developed. The maximum number of coal seams found in some of the drill holes is 20. The cumulative thickness of the coal beds range from 0.2 to 36 meters. Claystone invariably forms the roof and the floor rock of the coal beds.

The coal is brownish black, black and grayish black in colour. It is poorly to well cleared and compact. The quality of coal is better where percentage of clay is nominal.

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Project Scope

Mine & Power plant to be developed in parallel :

The production capacity of Coal mine will be 22.5 Mt/a to support 4000 MW of power generation capacity for 70 years

Phase 1 will be development of a 6.5 Mt/a Coal mine in parallel with 1200 MW Power Plant

In subsequent phases, chemical and fertilizer plants would be set-up as part of a Mega Petro-Chemical Complex which would be supported by additional coal mining

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Project Scope (continued)

Power transmission line of 500 KV will be planned and constructed for 1000 mw power dispersal to power grid network.

Coal Gasification System with a 36”-42” Hi-Pressure Gas Transmission Pipeline will be planned and constructed to connect to the SSGC Network at Hyderabad / Jamshoro.

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Project Timeline

Detailed Feasibility Study completed by September 2010

Financial Close is expected by December 2012

Coal Mining and Power Generation Project will start operation by December 2016

MISL Confidential