Karachi, The Thar Coal and Energy Board (TCEB) has recently made pivotal decisions regarding the tariff and financing terms for the Thar Coal Block-II mine, aimed at advancing the region’s energy projects. This development was confirmed during a board meeting chaired by Sindh Chief Minister Syed Murad Ali Shah.
According to Chief Minister Sindh, the board unanimously approved the Commercial Operations Date (COD) stage tariff for the Thar Coal Block-II mine at $45.80 per tonne, a significant adjustment from the previously petitioned tariff. Additionally, the board approved revised financing terms for the contract stage tariff review of the mine’s Phase III expansion, allowing a loan interest hike from 1.5% to 1.85%. These adjustments are part of a broader strategy to expedite Phase III of Block-II under the management of Sindh Engro Coal Mining Company (SECMC), which aims to lower energy tariffs and fulfill the objectives set for the Thar Coalfield.
These decisions reflect the Government of Sindh’s efforts to utilize the Thar Coalfield not only to reduce energy costs but also to achieve economic benefits for the region.