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Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA


L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company official said.

The overseas mines would support the company's plans to install coal-based power plants of 5,000 Mega Watt (MW) capacity by 2015, he said.

"We are planning to acquire a few coal mining blocks in Australia and Indonesia as we want to build a coal linkage for our coal-based power plants," L&T's Senior Executive Vice- President A K Chaatwani told PTI here, without divulging further details.

Apart from scouting for acquisitions, the company is also considering long-term contracts for coal supply, he said.

With the present technology, it requires around 7 million tonnes of coal to generate 1,000 MW power.
Source: PTI



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