(EnergyAsia, March 1 2012, Thursday) — India’s Thermal Powertech Corporation India Limited (TPCIL) has secured 10 years of coal supply from Indonesia’s PT Bayan Resources Tbk for its new 1,320 power plant due to start up in Andhra Pradesh state in 2014.
 
Singapore’s SembCorp Industries, which owns a 49% stake in TPCIL, said PT Bayan will supply one million tonnes of coal per year from 2014.

Gayatri Energy Ventures, a wholly-owned subsidiary of Gayatri Projects, owns the majority 51% stake in the coal-fired power plant under construction in Krishnapatnam in Andhra Pradesh’s SPSR Nellore District.
 
The 68.69 billion rupee power plant will apply high efficiency supercritical technology which allows for enhanced efficiency, thereby reducing emissions of carbon dioxide and other pollutants by consuming less fuel per unit of electricity generated compared to conventional sub-critical coal-fired generating units.
 
The coal supply agreement was signed last month by Atul Nargund, CEO of Sembcorp Utilities India and TPCIL, T. V. Sandeep Reddy, managing director of Gayatri Projects and TPCIL, Eddie Chin, President and CEO of Bayan as well as David Low, Bayan’s director of sales and marketing. The signing was witnessed by Tang Kin Fei, SembCorp’s Group President and CEO, and Low Tuck Kwong, President of Bayan.

Mr Nargund said: “We are pleased to have Bayan onboard as our coal supplier. Given its established reputation for timely delivery of high-grade coal, we are confident that our plant will be able to help address the pressing power shortage in India.

“With part of our coal supply successfully secured at a competitive price and construction of the plant and its boiler turbines and generators well underway, we are on track to complete the project on schedule and begin full commercial operations in 2014.

“Backed by our proven track record in the energy sector spanning Singapore, the UK, Vietnam, China, the UAE and Oman, Sembcorp is looking forward to working with our local partner to help meet the fast-growing power demand in the southern, western and northern regions of India and support the country’s rapid development.”

Listed on the Indonesian stock exchange, Bayan is the sixth largest producer and exporter of thermal coal in Indonesia. The company owns and operates the Balikpapan Coal Terminal, one of the largest in East Kalimantan with a handling throughput capacity of 15 million tonnes per year.