KARACHI: The Thar Coal & Energy Board (TCEB) on Friday unanimously approved the Commercial Operations Date (COD) Stage tariff for the Thar coal Block-II mine and also finalized financing terms in the review Contract Stage tariff for Thar coal Block-II mine.
Sindh Chief Minister Syed Murad Ali Shah (Chairman of the board), chaired the meeting of the board which was also attended by cabinet members including Federal Energy Minister Sardar Awais Leghari.
The Board reviewed and discussed the Commercial Operations Date (COD) Stage tariff of Thar coal Block-II mine of 7.6 Mtpa capacity (Phase-II) and the decision on the Limited Scope Petition regarding Financing Terms of Phase-III Mine of Sindh Engro Coal Mining Company (SECMC).
TCEB took the following decisions after getting an elaborate presentation from Tariq Ali Shah, Managing Director, TCEB.
The Board unanimously approved the Commercial Operations Date (COD) Stage tariff of Thar coal Block-II mine of 7.6 Mtpa capacity (Phase-II) SECMC which stood levelized at $36.70 per tonne against the Petition Tariff sought at USD 45.80 per tonne.
The Board also approved revised financing terms in review Contract Stage tariff for Thar coal Block-II mine of 11.2 Mtpa capacity (Phase-III) SECMC by increasing lending spread up to 1.85 per cent over the benchmark interest rate, which was earlier allowed upto 1.5 per cent.
The Board lauded the efforts made by the Government of Sindh for achieving the objectives of Thar Coalfield through Block-I and Block-II and directed to expedite Phase-III of Block-II maintained by SECMC so that the objectives of Thar Coalfield could be achieved to bring down the prices of energy tariff in the country.
