Metalgalante S.p.A.
MSC Mediterranean Shipping Company
CAF Data Centre Industry Outlook
Car Mix

twitter Facebook Linkedin acp Contact Us

Indian firm keen to source coal from South Africa

According to Eskom, South Africa has 224mn tonnes of coal every year, and exports a quarter of its coal each year. (Image source: Smeet Chowdhary/Flickr)

India Power Corporation Limited (IPCL) is seeking coal assets in South Africa for its 1,000MW thermal power projects

Local reports have stated that IPCL has floated a wholly-owned subsidiary named Swayambhu Natural Resources Private Limited to source coal feedstock for existing and planned power projects like the 450MW plant in Haldia and 540MW plant in Raghunathpur — both in the east Indian state of West Bengal.

Hemant Kanoria, chairperson of IPCL, said, ”We are looking at coal mines already in operation or nearing production in South Africa and Indonesia. A few proposals for some assets are being examined and due diligence is under way. Our target is 100 per cent buy-back of coal from mines having reserves ranging five million to 25mn tonnes.”

South Africa’s leading power utility entity Eskom said that the country produces 224mn tonnes of coal every year and is the seventh largest coal producer after China, USA, India, Indonesia and Russia. Prominent coal mines are located in Waterberg, Sasolberg, South Rand, Utrecht, Kilpriver and Soutpansberg. South Africa exports nearly a quarter of its coal.

According to the IPCL chairperson, there are sufficient coal reserves in India and the government is working on developing mine development operators to augment production and productivity.

In the medium term, IPCL would be sourcing coal from the spot markets and also through short-term agreements with international coal asset owners in Indonesia, added Kanoria.

However, domestic sourcing would depend on purchases through e-auctions from Coal India Limited (CIL) and coal rejects from local washeries. IPCL is also ready to bid for coal blocks at the forthcoming auction of reserves by the Indian Coal Ministry.

African Review

Most Read

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Latest news

The AfDB board complemented Transnet for progress made in rolling out its compliance and governance improvement programme. (Image source: AfDB)

The new data centre is ‘EcoStruxure-ready’, with components of the installed EcoStruxure for Data Centers platform solution. (Image source: Schneider Electric)

d.light has a proven track record in the use of securitised finance to support its solar-powered household products in sub-Saharan Africa. (Image source: d.light)

Ghana’s President, Nana Addo Dankwa Akufo-Addo, speaking at the launch. (Image source: Office of the President, Republic of Ghana)

Dietmar Siersdorfer speaking at Africa Energy Forum in Barcelona. (Image source: Siemens Energy)

The generator set fitted with a Perkins 1103 is providing vital backup power at the St Patrick School in Uganda. (Image source: Perkins)

5G technology deployment will take place later this year. (Image source: Adobe Stock)

Spiro will draw from its experience in Kenya, Benin, Togo, Rwanda and Nigeria as it launched in Uganda. (Image source: Spiro)

According to IRENA, concrete policy actions and massive mobilisation of finance at full speed is required in order to meet the 2030 target. (Image source: Adobe Stock)

The distributor will hold specialised training and empowerment sessions to enable its channel network to effectively deliver Vertiv’s portfolio, as well as managing inventory to serve the market. (Image source: Vertiv)

The HQ is expected to be completed and handed over by February 2025. (Image source: ECOWAS)

Africa’s share of global manufacturing only sits at around 2% today. (Image source: Adobe Stock)

There are numerous but not insurmountable challenges facing Africa's aviation sector, according to IATA. (Image source: Adobe Stock)

Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)

The quality design and manufacture of SEW-EURODRIVE South Africa’s panels and enclosures can be suited to any customer requirement wall mounts. (Image source: SEW-EURODRIVE)

Genset BuyersGuide
Construction Buyers Guide