State-run power producer NTPC on Thursday said it has appointed Macquarie as consultant for acquiring coal mines in Indonesia.

“The consultants to do the due diligence for acquiring coal mines in Indonesia will be Australian firm Macquarie,” NTPC Chairman and Managing Director R S Sharma told reporters here.

The thermal power producer plans to buy a minority stake in the Kalimantau coal mines in Indonesia to achieve fuel security.

In order to meet the shortfall from domestic supplies, the company is looking at acquiring stakes in coal mines in Australia, Mozambique and Indonesia. It is looking at blocks that can give up to 20 million tonnes of dry fuel per annum.

The company has also floated a global tender to source 2.5 MMSCMD (million standard cubic metres per day) of Regasified Liquified Natural Gas (R-LNG) for firing its gas-based power stations.

The company requires 15-16 MMSCMD of gas per day for its gas-based power plants.

Keywords: NTPCconsultantcoalmines