Thermal Powertech Corporation India Ltd has signed an agreement with PT Bayan
Resources Tbk (Bayan) for the supply of approximately 1 million tonnes per year of coal
over 10 years. The contract, which is for an aggregate of 10 million tonnes of coal, is
expected to commence in 2014. TPCIL is a joint venture between Sembcorp and Gayatri
Projects. Sembcorp holds 51 per cent equity in TPCIL through its wholly-owned subsidiary
Sembcorp Utilities while Gayatri Ventures holds 49 per cent.
With plant construction
progressing on track at the
project site in Krishnapatnam
in Andhra Pradesh's SPSR
Nellore District, this coal
agreement marks yet another
significant milestone for
Sembcorp's first Indian power
plant project, a 1,320-mw
coal-fired power plant based
on supercritical technology
being built with an investment
of Rs.6,869 crore.
Bayan, according to a release
by Sembcorp, is the sixth
largest producer and exporter
of thermal coal in Indonesia.
IT owns and operates the Balikpapan Coal Terminal, one of the largest coal terminals in East
Kalimantan with a handling throughput capacity of 15 million tonnes per year.