Singareni Collieries Company Ltd (SCCL) intends to develop coal mining and power-related infrastructure projects in partnership with private companies.

SCCL has appointed PriceWaterhouse Coopers as a consultant to prepare a business plan for such private partnership ventures.

SCCL is likely sign an MoU with IDFC Projects to enable the two companies to jointly develop various coal and power related infrastructure projects in India, as well as abroad.

As per the proposed MoU, they will jointly apply for the allocation of coal blocks, either through the government dispensation route, or through the captive dispensation route; and then take up the development of the mining ventures. Additionally, SCCL and IDFC plan to develop Greenfield thermal power projects (TPP) in different locations, across the state of Andhra Pradesh, as well as in other states.

Also See:

Singareni to call for fresh bids for power project (23-Mar-09)