India's C&O signs a 50 MT coal supply with Samtan

Coal & Oil (C & O), a leading fuel management company in India, on Friday announced that they have signed a memorandum of understanding (MOU) with Samtan - Kideco Company for supplying 50 million tonnes of coal to the Indian Coal Industry over a period of 10 years, Money Control reported on Friday.

Samtan - Kideco Company is the third largest supplier of coal in Indonesia; C & O and Samtan - Kideco Company already have 10 years of joint working experience in the Indian market by supplying coal to some of the biggest power companies in India including Tata Power Company Ltd., Reliance Energy Ltd., Calcutta Electricity Supply Corporation etc. This MOU between C & O and Samtan Kideco Company will account for 10 % of the total projected imports of coal into India in the next 5 years. These imports translate into generation of about 1500 MW of power per annum.(*)