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Tata Power plans more buys
Tata Power plans more buys
Tata Power Company is eyeing coal assets in Australia and SA on the heels of a $1.1 billion deal to buy 30% stakes in Indonesian PT Bumi Resources Tbk's two coal mines, Prasad Menon, managing director, Tata Power, said today. The purchase supports Tata Power's upcoming projects on the west coast comprising 7,000 MW to be developed over the next five years. "The acquisition specifically addresses the fuel requirements for Mundra ultra mega power project, Trombay and the coastal power projects in Maharashtra, and is complementary and supports the assumptions made in the bid for Mundra UMPP," Menon said.
Tata Power Company is eyeing coal assets in Australia and SA on the heels of a $1.1 billion deal to buy 30% stakes in Indonesian PT Bumi Resources Tbk's two coal mines, Prasad Menon, managing director, Tata Power, said today. The purchase supports Tata Power's upcoming projects on the west coast comprising 7,000 MW to be developed over the next five years. "The acquisition specifically addresses the fuel requirements for Mundra ultra mega power project, Trombay and the coastal power projects in Maharashtra, and is complementary and supports the assumptions made in the bid for Mundra UMPP," Menon said.