Local media reports from Indonesia suggest that Essar has acquired the Aries coal mines in Indonesia. The purchase will give Essar secured access to an additional 100 million tonnes of thermal coal resources and mineable reserves of 64 million tonnes.
Essar is currently building six power stations in India which will increase its power capacity from 1220Mw to 6100Mw by 2012.
The transaction is expected to be completed by April.
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