Tancoal Energy Limited

Tancoal Energy Limited is a Joint Venture between the National Development Corporation of Tanzania and Intra Energy Limited, a 100% owned subsidiary of Australian publicly listed company, Intra Energy Corporation. 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.