Mahegenco, the state-owned Maharashtra State Power Generation Co, has announced that it is looking to import 3.35 million tons of steam or thermal coal in the year commencing 1 April 2010, an increase of 40 per cent on the 2.4 million tons the company will import in the year ended 31 March.
The company supplies power to the Indian state of Maharashtra, which includes the country’s commercial centre, Mumbai.
Mahagenco has said that it will be looking at prices linked to global coal prices instead of fixed price contracts.
A tender notice has been sent to traders this week to feed the company’s power plants at Nasik, Bhusawal, Khaparkheda, Parli and Chandrapur. Bids are due in on 13 April.
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