National Aluminum Company will decide on bids for coal supply for its INR 18,000 crore aluminum cum power project in Indonesia over the next couple of weeks.
West Asia based MEC Coal and Indonesia based Bumi Prasada are the two companies bidding for supplying coal to Nalco’s east Indonesia based Kalimantan project. PT Bumi Resources is the world’s largest coal producer and Indonesia is the world’s largest exporter of the black gold. MEC is a member of the Trimex group of companies a global minerals and metals conglomerate.
Mr BL Bagra CMD of Nalco said that “There were some clarifications needed and both the companies were in Orissa for discussing it with us. Depending on the price bids received we will finalize the deal in the next couple of weeks and send it for board approval. Both firms will submit detailed commercial proposals over the next couple of weeks.”
MEC Coal Pte through its Indonesian subsidiaries is developing coal concessions in Indonesia, along with an integrated heavy haul rail transportation system and ship loading jetty.
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