State-run NTPC Ltd , India’s top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday.
Another government company, Power Trading Corp , also announced plans to buy coal mines in Indonesia, following the footsteps [...]

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]

India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday.
“For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he [...]

The Tata Power Company Ltd is exploring to buying vessels and stakes in shipping companies to transport coal from Indonesia.
On Wednesday Tata Power completed its acquisition of a 30 per cent stake in Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, along with related trading companies owned by PT Bumi Resources.
The [...]

India approved the auction of 39 coal blocks to state-run and private power companies to meet the demand for power.
The blocks would be awarded to government-controlled National Thermal Power Corp., Tata Power, Essar and Jindal Steel and Power Ltd.
“The (coal) ministry has cleared the allocation of 39 coal blocks for various government-owned and private [...]

Tata Power, India’s second-biggest utility by annual sales, will borrow $950 million to fund its purchase of stakes in two Indonesian coal mines, according to three people involved in the transaction.
The Mumbai-based company has hired Calyon to arrange a $600 million loan, which will be secured by the coal mines, and a $350 million loan, [...]

South Korea’s Korea Electric Power Corp. (KEPCO) is trying to secure overseas coal mines as early as this year as it seeks a steady coal supply for its generators, the company’s president said on Wednesday.
State-run KEPCO, which currently holds no stakes in coal mines, will also look at mergers with overseas electric power companies in [...]

India’s private major Tata Power says it has plans to buy stakes in two Indonesian coal firms owned by Pt Bumi Resources.
The company said it will invest $1.1 billion to buy 30 percent in each of the two companies. The company will set up an offshore special-purpose vehicle for the acquisition.
“We have not yet finalized [...]

There has been a U-turn in terms of coal availability for the power sector this year with Coal India Ltd (CIL) facing a problem of plenty. Stocks have piled up at the pit-heads as the thermal power plants are not lifting the coal earmarked for them.
Currently CIL’s pit-head stocks have touched a whopping 31 [...]