India's Emmsons, Dubai?s ETA Star in coal mining JV in Indonesia

Indian firm Emmsons International, signed a memorandum of Understanding (MoU) with Dubai based ETA Star Group to form a joint venture (JV) for coal mining operations in Indonesia, The Times of India reported Thursday.

The JV established in Jakarta (Indonesia) under the name of `Star Emmsons Resources` is in process of acquiring coal mines in Kalimantan province of Indonesia, and hopes to commence in-house production of coal in the next few months.

ETA Star Group, a conglomerate with USD 4 billion turnover, is planning to set-up 1200 MW (600 X 2), coal based power plants in South India. This power generation project of ETA Star Group is estimated to have an investment of over Rs 6 billion, and will require over 5 million tons of imported coal.

ETA and Emmsons are both importing coal from Indonesia, South Africa, China and other African countries.(*)