Twitter Facebook Delicious Digg Stumbleupon Favorites More
WORLD'S NO.1 ALUMINIUM BLOG, ALUMINIUM EVENTS, ALUMINIUM EXPO, ALUMINIUM EXHIBITIONS, ALUMINIUM GET TOGETHER, ALUMINIUM MEETINGS, ALUMINIUM COMPANIES, ALUMINIUM WORLD EXPO, ALUMINIUM, ALUMINIUM FABRICATORS, ALUMINIUM FABRICATION, INTERNATIONAL ALUMINIUM SUMMIT,INDIAN ALUMINIUM BLOG

Wednesday, 14 September 2011

Indonesia coal mines study will complete in Sept by NALCO



NALCO, will complete the proposal for sourcing coal for the projects by the end of September, 11, which plans to set up a 1,250-MW power project an aluminium smelter in Indonesia, a senior company official said.

“We are in the process of evaluating the reserves of two coal mines and due diligence will be over by September. Then we will move further”, NALCO Chairman and Managing Director Mr. BL Bagra told PTI.

The company has sought 10 million tons per annum of coal supply over a 20 year period and is looking at two coal mines in the East Kalimantan District of Indonesia.

The firm has plans to set up a 5 million ton per annum aluminium smelter and a 1,250-MW power plant in two phases in Indonesia at an estimated investment of US$3.8 billion ( About 16,500 crore INR).

About 8 MTPA will utilize by the aluminium producer at its power plant and smelter in Indonesia, while the remaining 2MTPA will be shipped to India to fuel its operations here.

As per Mr. Bagra, the Indonesian Project will be managed through a special purpose vehicle (SPV), in which the aluminium producer has a controlling stake.

This project would be developed in around 4 years time, including one year for preparing the feasibility study and DPR, following by finalization of the coal supply agreement.
Share:

0 comments:

Post a Comment

Popular Posts

Recent Posts

Text Widget

Total Pageviews

Powered by Blogger.

Followers

Google+ Followers

Blogger Tutorials

Blogger Templates

Sample Text

Copyright © ALUMINIUM EVENTS | Powered by Blogger
Design by SimpleWpThemes | Blogger Theme by NewBloggerThemes.com & Distributed By Protemplateslab