Deals
NTPC May Purchase Stakes in Two Indonesia Coal Mines
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NTPC Ltd., Asia’s second-largest power producer by market value, may buy stakes in two coal mines in Indonesia as it seeks access to the fuel to help end blackouts in India.
The utility is studying two mines in Sumatra and East Kalimantan, which may together have as much as 1.8 billion metric tons of coal resources, Chairman and Managing Director R.S. Sharma told reporters in New Delhi today. The purchase may be completed by March 2011, he said, declining to name the mines.