NTPC appoints Macquarie as consultant to acquire coal mines

Last Updated: Thursday, August 20, 2009 - 11:02

New Delhi: State-run power producer NTPC
on Thursday said it has appointed Macquarie as consultant for
acquiring coal mines in Indonesia.

"The consultants to do the due diligence for acquiring
coal mines in Indonesia will be Australian firm Macquarie,"
NTPC Chairman and Managing Director R S Sharma told reporters
here.

The thermal power producer plans to buy a majority stake
in the Kalimantau coal mines in Indonesia to achieve fuel
security.

Bureau Report



First Published: Thursday, August 20, 2009 - 11:02

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