NTPC eyeing coal mine acquisitions

NTPC Ltd, the country’s largest power generator, is looking at acquiring coal assets abroad.

“We have identified two-three properties in Mozambique and Indonesia, all of which are in the due diligence state,” said R S Sharma, CMD, on the sidelines of the signing of a long-term fuel supply agreement with Coal India Ltd.

The capex NTPC has outlined for the 11th Plan and some projects for the 12th Plan is Rs 55,000 crore. It has tied up Rs 25,000 crore of debt for these plans, Sharma said.