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Reliance Power May Invest $5 Billion on Coal Mine, Railway in Indonesia

25 Aug 2010 Evaluate

Reliance Power may invest $5 billion to build a railway and develop coal mines in South Sumatra, Yopie Hidayat, a spokesman to Indonesia’s Vice President Boediono, said in Jakarta yesterday. The utility plans to build a 230-kilometer (143 miles) long railway that will link its coal production base in Batang Hari to a port, which it will also build. Reliance plans to develop three coal mines in South Sumatra from where it targets to produce as much as 50 million tons of coal a year within five years.

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NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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