Indian group Jindal Steel and Power (JSPL) plans to start producing coal at its mines in Mozambique by the end of the year, which will guarantee a coal supply for future and current projects, the group’s president said in New Delhi.
“We expect to start mining coal in Mozambique by the end of the year,” said Naveen Jindal adding that the group also planned to buy coal from other companies in Mozambique in order to supply the group’s factories in India.
According to Indian newspaper the Economic Times the Mozambican mine is a strategic asset for JSPL as it has as much coking coal as thermal coal.
The group, which projects annual production of 10 million tons of coal, also plans to build a coal-fired power plant with an installed capacity of 1,640 megawatts.
The newspaper added that the group, which has an annual production capacity of 3 million tons of steel and 2,500 megawatts of power, plans to produce 20 million tons of steel and 21,000 megawatts of power by 2020. (macauhub)