A consortium led by Madhucon Projects Ltd has received a letter of intent to set up a 300 MW (2x150 MW ) mine mouth coal fired power plant at south Sumatra in Indonesia.

The power plant will come up close to Dawas, the existing coal mine owned by PT Madhucon Indonesia.

An official of the company told Business Line that with assured coal, the power plant is expected to get all clearances automatically.

Madhucon and Group companies will own 95% stake in the special purpose vehicle to be formed to implement the project. The balance would be by the local consortia partner.

A power purchase agreement for 25 years will be signed with PLN Energy, an Indonesian Government company.

(Sourced from Hindu)