National Aluminium Co Ltd (Nalco) has decided to invite expressions of interest from coal mine owners as well as logistics service providers for long-term supply of coal and supply chain management for its proposed Indonesian smelter and power projects.
A decision on this was taken by the Nalco board on Tuesday. The formal invitation would be issued later this week by the company's project manager in Jakarta.
The 5-lakh tonne smelter will be fuelled by a 1250-MW coal-fired captive power plant estimated at Rs 14,000 crore.
Mr B.L. Bagra, Director Finance of Nalco, told Business Line that the coal supply agreement would be for 6 million tonnes per annum (mpta) for a period of at least for 20 years.
The EoI would also be linked to the road or rail logistics covering supply chain and port facility in East Kalimantan province where the project would be located. The selection of the coal supplier and logistics supporter would help Nalco to decide on the exact site of the preferably cost-based smelter project.
Nalco would import bauxite from its Indian mines and the smelted products would be meant for re-exports, primarily to India. Even one mpta out of the total 6 mpta of Indonesian coal supply tie-up would be meant for Nalco's Indian operations.
Nalco has entered into an agreement with Rak Minerals & Metals Investments (RMMI), under which RMMI will have 24 per cent stake in Nalco's new aluminium project in Indonesia.
RMMI, which has coal mining rights in Kalimantan and is also building the rail link and the coal handling port facility there, will be eligible for participation in this selection process for supply and logistics support agreement.
There are number of local and international operators in Indonesian coal mining. But a few have the logistics support ready. However, some of them are building logistic infrastructure on their own or in joint venture.
Nalco has decided to locate its smelter in bauxite-deficient Indonesia for its known quality coal resources and long coastline providing easy access to sea logistics.
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