Indian electricity generator NTPC is planning to acquire coal blocks in Indonesia and Mozambique later this year to raise its generation capacity by 22,430MW in three years.
Mr RS Sharma CMD of NTPC said that “We are planning to acquire four blocks in Indonesia and two in Mozambique by the end of this year. Coal from these blocks will help us raise our capacity by 22,430MW by the end of the XIth Plan (2007-12).”
He said the company would require 225 million tonnes by 2012. It would get only 195 million tonne from Coal India Ltd and its subsidiaries.
NTPC also has entered into a joint venture with Rashtriya Ispat Nigam, SAIL, NMDC and the CIL to buy coking coal and thermal coal, is also exploring opportunities in Australia, Mozambique, Indonesia and Canada.
Mr Sharma said that “This year, we will add about 3,300MW to our capacity. About 2,000MW of this will be commercially available.”
Source: Steel Guru
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