Singaporean Sembcorp's joint venture in India, Thermal Powertech Corporation India (TPCIL), has signed an agreement with Mahanadi Coal Fields, a subsidiary of Coal India, for the supply of approximately 2.1 Mt/year of domestic coal over 20 years for its 1,320 MW supercritical power plant. The agreement will commence once the plant becomes operational in the second half of 2014.
The coal-fired power plant is Sembcorp’s first power project in India, located in Krishnapatnam in Andhra Pradesh’s SPSR Nellore District. In addition to this fuel supply agreement, the company has also secured a coal supply contract for 1 Mt/year of coal over 10 years with PT Bayan Resources in February 2012. Together, both contracts will supply approximately 60% of the plant’s total coal requirement. TPCIL is currently working with the relevant authorities in India to secure another fuel supply agreement for the plant by the later part of this year.
Besides this fuel supply agreement, the company also recently signed a long-term power purchase agreement in April 2013 for the sale of 500 MW of power to the Andhra Pradesh Power Distribution Companies for a period of 25 years.
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