PTI reported that Jindal Steel and Power expects to start supplying coal from its Mozambique cearly next year.
Mr Naveen Jindal CMD of JSPL on the sidelines of a function said that “We were scouting for mines in Mozambique five to six years ago. We have also started to mine there. Now we hope that in the next quarter we will also dispatch some coal from there.”
Mr Jindal said that the company is looking at opportunities in coal mining and power sector in regions like Western Africa. He said that “We keep on visiting countries for business opportunities in mining, in power. So in that we are also looking at Western Africa. There are many countries. Nothing has firmed up yet.”
The company said that it would source coal from the Mozambique mine to feed its projects here in the country. The Mozambique mine is strategically important for the Naveen Jindal led firm as it contains both coking and thermal coal.
The Company, which has plans to produce 10 million tonnes per annum coal from the mine at peak level, is also looking to set up a 2,640 MW thermal power plant in the African nation.