Tata Power has planned to source coal from Australia, Indonesia and South Africa for its upcoming 4,000 MW Mundra ultra mega power in Gujarat.

The company plans to import 12 million tonnes of coal per year starting 2012 for its coast-based project. It is also planning to source equipment equipment from suppliers in South-East Asia, according to reports.

Tata Power is expected to finalize its project financing pattern over the next six months. The project will be implemented on a debt-equity ratio of 75:25 or 70:30.

Meanwhile, the consortium of Lanco Infratech and Globeleq, has planned to source main plant equipment from Dongfang of China for its Sasan ultra mega power project in Madhya Pradesh.

Union power minister, Sushil Kumar Shinde, handed over the letters of intent to the successful bidders of the Sasan and Mundra ultra mega power projects on 28 December 2006.

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