“Tancoal is a limited liability company incorporated and operating in Tanzania. Tancoal is largely a Coal mining and trading company with its mine situated at Ngaka, Mbalawala Area, Mbinga District, Ruvuma Region.
Tancoal Energy Limited (“Tancoal”) was established on 3 April 2008, as a Joint Venture between the National Development Corporation of Tanzania (NDC) and Intra Energy (Tanzania) Limited (IETL), an 100% owned subsidiary of Australian publicly listed company, Intra Energy Corporation (“Intra Energy”) (ASX Code: IEC).
Under the terms of the Joint Venture Agreement, IETL owns 70% of Tancoal and NDC own 30%. IETL is owned by Intra Energy Corporation and NDC is a statutory corporation, established by an Act of the Tanzanian Parliament in 1962, to identify and develop economically viable projects in partnership with the private sector.
Tancoal was established to explore and develop the vast Ngaka coal fields located near Songea in southwest Tanzania. Tancoal intends to develop a coal mining operation at Ngaka to supply feed-stock to thermal coal-fired power station to be constructed.
The development of the power station and associated power transmission infrastructure has the potential to increase Tanzania’s electricity supply by 40%, and will provide long-term economic and social benefits to the Tanzanian people.
Tancoal Energy Limited
Level 5, Amverton Tower, Chole Road, Masaki,
P.O Box 23059
Dar es Salaam,
Telephone: +255 222 2927820
Fax: +255 222 2927821