Feb 24, 2012

Bayan to ship 1 mio tons to Thermal India

Coal miner PT Bayan Resources Tbk (BYAN) has secured a 1 million tons a year of coal supply contract to Thermal Powertech Corporation India.
Director Jenny Quantero and Russell Neil at Bayan Resources, in an official statement, said Bayan will initiate to supply the coal in 2014 until 2024.
Thermal Powertech is a joint venture company between Gayatri Energy Ventures and Sembcorp Utilities that will construct and operate a 1,320 MW coal-fired power plan in India.

Disclosure: No position at the stock mentioned above. 

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