Tata Power Acquires Stake In Indonesian PT Baramulti Sukses Sarana Coal Mine
Tata Power has acquired 26% stake in PT Baramulti Sukses Sarana Tbk (BSSR) coal mine in Indonesia, through its subsidiary Khopoli Investment Limited.
This acquisition would aim to support Tata Power’s power generation projects in select geographies to be developed over next few years.
Earlier the company had signed a long term coal supply agreement with PT Antang Gunung Meratus, a 100% subsidiary of ‘BSSR’.
PT Antang and BSSR together own approximately 1 Bn tonnes of coal resource in South and East Kalimantan in Indonesia.
Tata Power had already presence in Indonesia which includes 30% stake in PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia (AI).
Tata Power has signed an off take Agreement which entitles to purchase about 10 Mn tonnes of coal per annum. Additionally, a consortium compromising of Tata Power, Origin Energy and PT Supracois developing a geothermal project in Indonesia with approx . capacity of 240 Mw generation capacity.
Tata Power has an installed generation capacity of 6,899 MW in India and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
This March, Tata Power approached Australia-based Firestone Energy with an offer to acquire a 30% stake in the company's Sekoko coal JV in South Africa with a view to developing Firestone's Smitspan export thermal coal mine.
Recently, Jindal Steel & Power Limited acquired Canadian CIC Energy and was planning to acquire an iron ore mine in West Africa for $2 Bn; NMDC was planning to acquire Mozambique asset belonging to Nagpur based Sunflag Iron and Steel Company.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2012-11-09 | PT Baramulti Sukses Sarana Tbk - Tata Power | M&A |
Tata Power Company Limited |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 12/03/2013 | M&A | Aurizon Holdings Limited | Hancock Coal Infrastructure | - | Completed |
| 05/03/2013 | M&A | Facor Alloys Limited | Dillenburg Bergen NH Realty B.V | 10.00 | Completed |
| 27/02/2013 | M&A | Jindal Steel & Power Limited | Apollo Minerals Limited | 0.41 | Completed |
| 21/12/2012 | M&A | Western Cluster Limited | 33.50 | Completed |
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Tata Power Company Limited | Tata Sons Limited | CARNAC RECEIVING STATION, 34-SANT TUKARAM ROAD, CARNAC BUNDER, MUMBAI |
Dishergarh Power Supply Company Limited Adani Power Limited KSK Energy Ventures Limited Essar Power Limited SJVN Limited (Satluj Jal Vidyut Nigam Ltd) Orient Green Power Company Limited |
www.tatapower.com |
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