NTPC seeks 15 million tonnes steam coal import for 2011-12

NTPC seeks 15 million tonnes steam coal import for 2011-12

Asia’s second largest power producer by market value NTPC Ltd seeks 14.5 million tonnes of coal for the year ending March 2012 in its largest annual import.

A company official said that NTPC is importing the fuel directly for the first time rather than arranging for supplies through Indian state-owned trading companies such as MMTC Ltd and the State Trading Corp of India.

The official said that bidders have until Aug 10 to submit expressions of interest to supply the coal on either a free-on-board or cost and freight basis.

State owned NTPC, which has 15 coal-based power stations, plans to more than double installed capacity to 75,000 MW by 2017.

Source : steelguru.com