GVK Hancock Coal has appointed Thiess as preferred mine operations contractor for its $10bn Alpha thermal coal project in the Galilee Basin. An Early Services Agreement signed this week will see GVK Hancock working exclusively with Thiess to develop a 10-year mine plan and budget. Thiess' technical, engineering and plant expertise will be applied to develop the operational strategy and management plans, ensuring the thermal coal mine is a world-class, cost competitive operation.
The team is expected to finalize the operational strategy, mine planning and management plan by the end of the year. Alpha Coal Mine is located in the Galilee Basin with the first coal to be extracted by 2016. When fully commissioned, the mine will produce 32 million tonnes of thermal coal per year for the Asian export market.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
Company Name | CMP |
---|---|
NTPC | 360.70 |
Tata Power | 443.45 |
Power Grid Corp | 309.35 |
Adani Power | 767.25 |
Torrent Power | 1480.00 |
View more.. |