Companies

Tata Power in coal supply pact with Indonesian firm

Tata Power, on Friday, announced that it had entered into a long-term fuel supply agreement with Indonesian firm PT Antang Gunung Meratus.

In a statement issued here, the company said Tata Power had entered into a long-term coal supply agreement with PT Antang Gunung Meratus, a 100 per cent subsidiary of the Indonesian company PT Baramulti Sukses Sarana. Tata Power’s subsidiary, Khopoli Investments Limited, has also entered into an agreement to take up to 26 per cent stake in PT Baramulti Sukses Sarana. The group owns about 1 billion tonnes of coal resources in South and East Kalimantan in Indonesia.

Tata Power Managing Director Anil Sardana said the company was happy to have secured this coal supply agreement which would go a long way in supporting the upcoming power projects based on imported coal, to be developed over the next five years. Tata Power already has 30 per cent equity stakes in two major Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, and a related trading company owned by PT Bumi Resources Tbk.

A consortium, comprising Tata Power, Origin Energy and PT Supraco, is developing a geo-thermal project in Indonesia with about 240 MW of generation capacity.

Tata Power recently synchronised the second 800 MW unit of 4,000 MW Mundra Ultra Mega Power Project (UMPP) in Gujarat. It is importing coal from Indonesia for this project. With this, the thermal power generation capacity of Tata Power stands at 5,247 MW, and the generation through clean sources such as hydro, wind and solar at 852 MW. Tata Power’s total generation capacity now stands at 6,099 MW.

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Printable version | Nov 28, 2020 8:40:23 AM | https://www.thehindu.com/business/companies/tata-power-in-coal-supply-pact-with-indonesian-firm/article3662782.ece

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