Tata Power is in talks to acquire 15% stake in MEC Coal, according to reports.
Reports stated that the company is negotiating with MEC co-promoter Ras-al-Khaimah Investment Authority,and is keen on augmenting its foreign coal assets to reduce power generation costs.
The deal would include a provision for an offtake arrangement, says report.
There are reports that MEC Coal is developing coal concessions in Indonesia, along with an integrated heavyhaul rail transportation system and ship-loading jetty in the East Kalimantan province.