Reliance Power acquiring coal mine in Indonesia

Reliance Power Ltd , the recently listed power generation company of the Anil Ambani group, would be investing about $1 billion (Rs 4,000 crore) in acquiring and developing a coal mine in the South Sumatra province of Indonesia.

The sub-bituminous coal would be supplied to the company’s 4,000-MW Ultra Mega Power Project at Krishnapatnam in Andhra Pradesh, which would be on stream by 2013. Coal would also be supplied to the 4,000-MW Shahapur power project in Maharashtra, which has a thermal power component of 1,200 MW.

The mine has enough spare capacity to supply to an additional mega coastal power project.

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