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Adani, Carbon Energy Plan to Develop Coal Gasification

Feb. 18 (Bloomberg) -- Adani Enterprises Ltd., India’s biggest coal importer, and Australia’s Carbon Energy Ltd. plan to partner in the South Asian nation to convert coal into a cleaner-burning gas.

Adani and Carbon Energy have signed a memorandum of understanding valid for 18 months to establish a joint venture in India to pursue underground coal gasification, according to a statement filed to the Australian Stock Exchange today.

The companies plan to submit a bid to establish a underground coal gasification project at mines owned by Coal India Ltd., it said. Coal India is the world’s largest producer of the fuel.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.

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