Tata Power Ltd is seeking coal assets is looking to strike long-term import deals in the US, Columbia and Africa in its bid to meet its increasing fuel demand. The private producer would require nearly 50 MT of coal by 2020 to fire its thermal units from about 10MT now.
''Our import requirement is growing. Also, we are planning power projects overseas and need committed coal supplies for that,'' says Tata Power managing director Anil Sardana.
Tata Power is looking at geographies where it sees prospects of contracts sustainability.
''…Today, those options are the US, Columbia and Africa, from the point of logistics and from the point of view of cost,'' Sardana told the media.
The company plans to start the third 800 MW unit at the Mundra Ultra Mega Power Project (UMPP) in the next 15 days. On 19 July, Tata Power announced the commissioning of a second 800 MW unit at Mundra. The first unit had been commissioned in March 2012.
The 4,000 MW project would comprise of five units of 800 MW each.