Four Indonesian Coal Corporation eager to join hands with Nalco

Four Indonesian Coal Corporation eager to join hands with NalcoFour Indonesian Coal Corporation has revealed interest to collaborate with public sector National Aluminium Company (Nalco) for its 4 billion USD (Rs 18,000 crore) aluminium-cum-power plant compound in that nation.

The 4 organization, which posse’s reaction to the Expression of Interest (EoI) offer proposed by Nalco past month, are MEC Middle East, Bumi Resources, Energy Indonesia and Pram Dwi Jaya.

BL Bagra, director (finance), Nalco told Business Standard added that they shall get away for technical evaluation of the offer previous to short-listing organization for request of commercial proposals. The procedure will take approximately a month.

Nalco intended to put up a 0.5 million MT aluminium smelter and 1250 MW coal based thermal captive power plant in East Kalimantan province in Indonesia. At the same time as the corporation means to import approx. 1million tonne of alumina yearly by its amenities in India to nourish the aluminium smelter, the coal for the captive power plant shall be acquired locally.

Nalco wanted 8 - 10 million tonnes each year of thermal grade coal, 4-5 MTPA of which was for its East Kalimantan scheme and the rest for its power necessity somewhere else.