{
    "success": true,
    "data": {
        "id": 10534,
        "msgid": "reliance-power-to-buy-coal-mines-1210046036",
        "date": "2008-05-06 10:53:56",
        "title": "Reliance Power to buy coal mines",
        "author": "",
        "source": "GOI",
        "tags": "business",
        "topic": null,
        "summary": "India\u2019s Reliance Power Ltd. plans to invest $650 million to develop an Indonesian coal mine to ensure supplies as prices rise to a record, Bloomberg reported Tuesday. The cost includes the mine, a railway and a jetty to ship coal from the South Sumatra province to a power station being built in southern India, CEO Jayarama Chalasani said. The deposit may hold as much as 1.2 billion metric tons of coal, he said, equal to about 25% of Indonesia's known reserves.",
        "content": "<p>India\u2019s Reliance Power Ltd. plans to invest $650 million to develop an Indonesian coal mine to ensure supplies as prices rise to a record, Bloomberg reported Tuesday.<\/p>\n<p>The cost includes the mine, a railway and a jetty to ship coal from the South Sumatra province to a power station being built in southern India, CEO Jayarama Chalasani said.<\/p>\n<p>The deposit may hold as much as 1.2 billion metric tons of coal, he said, equal to about 25% of Indonesia&apos;s known reserves.<\/p>\n<p>The coal supplies from Indonesia will meet all of the 4,000-MW Krishnapatnam plant&apos;s needs when it starts in 2013, Chalasani said.<\/p>\n<p>The company plans to use coal from the Indonesian mine to build an additional 4,000-megawatt project in Gujarat on the west coast or Tamil Nadu state in the south, he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/reliance-power-to-buy-coal-mines-1210046036",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}