NTPC targets coal imports from Indonesia

New Delhi: NTPC Ltd is looking at imports up to 2 million tonnes of high-grade coal annually from Indonesia and also eyeing the possibility of acquiring stakes in coal assets in that country to secure firm supply arrangements. Besides Indonesia, NTPC is also looking for coal blocks in Australia and South Africa. The proposed overseas entry for coal assets is part of its strategy to produce around 50 million tonnes of coal by 2017. The company had earlier deputed three high-level teams to Indonesia, South Africa and Australia to hunt for opportunities for investing in coal assets in these countries.