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| Tata Power scouts for coal blocks abroad |
| Press Trust Of India / New Delhi Sep 29, 2009, 00:16 IST |
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Private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet demand for upcoming projects.
“We are looking at mines in Australia, Mozambique and some smaller ones in Indonesia, that could give us 2-3 million tonnes of coal,” a company official said.
Tata Power has 30 per cent ownership in a block in Indonesia and the company is able to meet 50 per cent of its coal requirement from this property. It is also looking at other sources.
When it comes to domestic power projects, the company has said that it will bid only for projects, which have coal linkages, as it does not have the appetite to import dry fuel in the near future.
The company is executing the 4,000-Mw Mundra ultra mega power project (UMPP) in Gujarat and will be importing 12 million tonnes of coal initially from the Indonesian blocks, the company officials said, adding that nearly half of the dry fuel requirement of the UMPP project will be procured from these mines.
Tata Power has an installed capacity of 2,768 Mw and has set a target of becoming a 12,000 Mw company by 2014. This 12,000 Mw capacity includes the company’s projects at various stages of implementation and also the Mundra UMPP.
The company is also developing a 1,600 Mw imported coal-based project at Dehrand in Maharashtra, for which the state government would acquire the land.
The company, along with the Damodar Valley Corporation (DVC), is executing a 1,050 Mw thermal power project in Jharkhand. Tata Power holds 74 per cent equity in the project and 26 per cent is held by DVC.
It has also been alloted a coal mine in Jharkhand for developing a 500 Mw power plant. The project is a joint venture between Tata Power (60 per cent) and Hindalco (40 per cent). The company is also implementing two 120 Mw power projects in Jamshedpur for providing electricity to Tata Steel’s manufacturing plant.
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