GMR Group looking at coastal sites for power plants
Published on Sat, Feb 28, 2009 at 08:46 | Source : Business Line
Updated at Sat, Feb 28, 2009 at 11:41
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GMR Group looking at coastal sites for power plants
GMR Group, which has completed two major acquisitions of coalfields in Indonesia and South Africa recently, is on the lookout for possible sites in Gujarat, Maharashtra, Andhra Pradesh and Orissa to set up power plants.
GMR Group, which has completed two major acquisitions of coalfields in Indonesia and South Africa recently, is on the lookout for possible sites in Gujarat, Maharashtra, Andhra Pradesh and Orissa to set up power plants.
GMR Energy Ltd acquired 33.50 per cent in Homeland Energy Group Ltd - which owns Homeland Mining and Energy SA (Pty) Ltd, South Africa. The deal gave GMR access to the coal mines being developed by Homeland Energy in South Africa.
"We have with us huge reserves with quality coal. We are looking at sites along the coast," Mr G.M. Rao, Chairman of the infrastructure major GMR Group, said.
GMR Energy also bought PT Barasentosa Lestari in Indonesia with a 30-year mining licence on 100 million tonne coal mines there.
GMR Energy Ltd acquired 33.50 per cent in Homeland Energy Group Ltd - which owns Homeland Mining and Energy SA (Pty) Ltd, South Africa. The deal gave GMR access to the coal mines being developed by Homeland Energy in South Africa.
