NTPC is slated to pick up stake in two coal mines in Indonesia - East Kalimanthan and Sumatra, in a move to secure raw material supplies. NTPC's coal requirement is likely touch 165 million tonne in 2011-12, of which it will have to import about 12 to 15 mn tonne. It is also looking at directly importing about 60 per cent of its coal requirement of about 15 million tonnes during the next fiscal, instead of sourcing it from State Trade Corporation and MMTC.
Meanwhile, NTPC was scouting for acquiring coal blocks in Queensland and North South Wales, Australia, and has identified 2-3 such properties. |