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Monday, November 30, 2009

NTPC scouts for more coal blocks in Indonesia

State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.

"We have identified 2-3 more coal mines in Indonesia," NTPC Chairman and Managing Director R S Sharma told reporters here. It has appointed Macquarie as consultant for the same.

NTPC has already acquired a coal mine in Indonesia. During the current financial year, the total coal requirement of NTPC is 150 million tonnes, out of which the company would be importing 12.5 million tonnes.

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