Tata scouts for overseas mines
Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1600 MW super-critical thermal power project in coastal Maharashtra, a top company official said.
“We are looking for a strategic stake purchase in coal mines either in Indonesia or in South Africa for our 1600 MW super-critical thermal power project in Dherand-Shahpur in coastal Maharashtra,” Tata Power executive director, Mr S. Padmanabhan, said on Tuesday.
“We need 6-8 million tonnes of coal to fuel the 2x800 MW plant. So we will not go for buying an entire coal mine. But based on the size of the mine, we will acquire a stake that will assure 8-9 million tonnes of coal supply,” he adds.
The company has a 30 per cent stake in the KPC mine in Indonesia that supplies 12-14 million tonnes of coal to its 4000-MW Mundra Ultra Mega Power Project, he said.
The Indonesian mine produces 55-60 million tonnes of coal annually.
The company requires 1,000 acres for the Rs 9,000-crore Dherand-Shahpur project and the process for acquiring land is on.
Meanwhile, the company has launched a computer literacy programme for the youngsters in villages in and around the project area, and has taken steps to provide clean and potable drinking water, Mr Padmanabhan said.
— PTI
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