KSEBOA - KSEB Officers' Association

Apr 23rd
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home News Power Sector News NTPC to appoint merchent bankers for acquiring coal mines abroad

NTPC to appoint merchent bankers for acquiring coal mines abroad

Hits smaller text tool iconmedium text tool iconlarger text tool icon
NTPCThe country's largest power producer, National Thermal Power Corporation (NTPC), would appoint merchant bankers next month to undertake the due diligence process for acquiring coal mines in Indonesia and Mozambique. "We will appoint merchant bankers to do the due diligence for Indonesia and Mozambique coal mines that we identified," NTPC Chairman and MD R S Sharma told reporters here today.

In order to meet the shortfall in coal supply, the company has shortlisted 2-3 coal blocks abroad that would feed its power plants in the near future. The company's coal requirement stands at 145-150 million tonnes in this fiscal, of which it plans to import 12.5 million tonnes.

NTPC intends to go solo as far as the (coal block) acquisition is concerned. "The coal mines would be acquired by the company and not by consortium International Coal Ventures -- formed by five PSUs for this purpose," he added.

International Coal Ventures was formed by five public sector companies -- Steel Authority of India, NTPC, Rashtriya Ispat Nigam, National Mineral Development Corporation and Coal India -- to acquire coal blocks overseas.

Source - Press Trust of India

Add comment

Security code

Random Videos

You need Flash player 6+ and JavaScript enabled to view this video.
Title: Power Quiz 2015 Final - Part-1

Latest Comments


Reference Book


Reference Book on Power

Electrical Engineering-- D' 1/4 Size Hard bound-- 1424 Pages-- Just Rs.1000/- only &n...

Visitors Counter

mod_vvisit_counterThis Month100272
mod_vvisit_counterLast Month123110

Online Visitors: 50
Time: 18 : 26 : 38