NALCO Confirm Indonesia Coal Deal

State-owned National Aluminium Company (NALCO), January 2011, Nalco Director (Finance) BL in Indonesia through its proposed $ 4 billion aluminum in the country to deal with the source Coal finalize Bagra said Saturday.

Bhubaneswar-based company was released last month tender.

Bagration said four bids were received for the tender of Indonesian coal business and take at least a month, the company will evaluate them.

The company will examine the technical and commercial viability. "The next four months we should finalize the agreement" Bagra told IANS.

NALCO Middle East (CME) of coal, Bumi Murau coal, energy companies like Jaya in Indonesia and pram CFA had received expressions of interest, "he said.

Nalco first government of Indonesia approved foreign investment in an aluminum foundry 0.5 million tons of coal and 1250 MW thermal based East Kalimantan province in the country has been set up captive power plant.

Nalco said Bagration allow coal miners or coal reserves in the province of East Kalimantan concession holders and fresh water sources and infrastructure nearby coal mines were invited to tender.

Nalco, Asia's largest integrated aluminum producer, delivered in bulk by sea from its facilities in India, one lakh tonne per year to import alumina, "he said.

The company, however, eight of the 10 million annual tons of thermal coal quality, about half of its East Kalimantan project meet its energy needs of the service and comfort is needed elsewhere.

Nalco said Bagration already Jakarta, Indonesia opened an office in the capital to accelerate the project activities.

The annual turnover of 25 in 2020, receiving 000 million set an ambitious goal, diversification and expansion of capacity is the main point.

The company's activities from aluminum into new areas by 2016 at least two number of diverse projects for the company through the decision.

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