Tata Power Plans To Buy Coal From Coal Mines In Mozambique
November 4th, 2009 | File Under : Coal - Companies - Mining Exploration
Largest electricity supply companies in India Tata Power plans to buy coal from coal mines managed by the Australian mining company Riversdale. Planned purchases of coal from Riversdale to secure the supply of coal as a fuel electricity.
Riversdale mining company directors make a statement about coal purchasing plan by Tata Power, “Tata Power is one of the many who are interested in Indian off-taker for our thermal products. Purchase of coal was also carried by several Indian cement producers companies.”
Planned addition of coal as a source of energy, because Tata Power will develop the capacity of a double in the next seven years.
“It makes sense for Tata Power to search for coal from various sources,” Abhineet Anand, an analyst at stockbroker Antique, said by telephone from Mumbai. “They may need more coal than could be provided by the efforts of Earth for projects of their future.”
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