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Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia for its proximity, compared to Australia and Africa.
"If you look at the logistics of transportation, Indonesia is the nearest, than Australia... we are not averse to importing from Africa," CMD Arup Roy Choudhary told media in an interview.
NTPC may pick up stake in two coal mines in Indonesia, East Kalimanthan and Sumatra. The company is looking at striking a deal that is financially feasible. "Ultimately it would boil down to what would be the cost. If we bring costly coal, customers like state electricity boards cannot afford it," Choudhary said.
The company is also scouting for coal properties in the Australian continent and may acquire coal blocks in Queensland and North South Wales. It has identified 2-3 such properties
The company is also scouting for coal properties in the Australian continent and may acquire coal blocks in Queensland and North South Wales. It has identified 2-3 such properties.
NTPC coal requirement is likely to touch 165 million tonnes (MT) in the next financial year (2011-12), of which it may import 12-15 MT. At present, state-owned trading firms State Trading Corp (STC) and Minerals and Metals Trading Corp (MMTC) source coal from abroad on behalf of NTPC. "In one year's time, say by December next year, we would be able to import it ourself," he added.
NTPC, currently generates over 32,000 MW of power, of which nearly 60 per cent is coal-based. It is planning to ramp up this capacity to 50,000 MW by March, 2012.
Source: Prospering Indian Power Sector
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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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