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Pakistan approves USD 40.66 per tonne tariff for coal mining project

Coal News - Published on Thu, 11 Oct 2018

Image Source: Samaa TV
The News reported that Thar Coal and Energy Board (TCEB) approved USD 40.66 per tonne as tariff for the public-private coal mining project of 7.6 million tons, around 13 percent lower than the request. The board determined the coal tariff for Sindh Engro Coal Mining Company (SECMC) for 30 years as opposed to the petitioned tariff of USD 46.84 per tonne. SECMC, a joint venture between the government of Sindh and Engro Powergen, a subsidiary of Engro Corporation Limited, had earlier requested for determination of levelized tariff of USD 46.84 per tonne for development and operations of 7.6 mtpa mining capacity and USD 57 per tonne for development and operations of 5.7 mtpa mining capacity.

SECMC, in the petition, said two tariffs might be determined in the ambit of the tariff for 7.6 mtpa mine capacity due to change in completion schedules of two off-takers of the enhanced mine production.

The joint venture requested a separate tariff table for 5.7 mtpa capacity for an approximate period of three months prior to the final commissioning of the 7.6 mtpa mine. Thar Coal and Energy Board said the latest tariff determination recognises the production and expansion stream of 7.6 mtpa. It said in a statement that “For the 5.7 mtpa capacity, there is insufficient data and development plan timelines. The determination is based upon an initial production of 3.8 mtpa lignite, which’s ramped up to 7.6 mtpa as per the mine expansion plan, submitted by SECMC.”

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Posted By : Rabi Wangkhem on Thu, 11 Oct 2018
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