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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Fund push for foreign coal assets

Posted on 29 March 2010

From Telegraphindia.com: Indian firms could buy more foreign coal assets to meet the growing gap between demand and availability, which is set to shoot up to 200 million tonnes by the end of the Twelfth Five Year Plan (2012-17). A sovereign fund to buy the foreign assets is under the consideration of the Indian government.

“Coal production is not growing fast enough. This is leading to an increasing dependence on imports. Coal imports are likely to reach 183 million tonnes (per annum) by the end of the Twelfth Plan,” according to the mid-term appraisal of the Planning Commission………………………………..Full Article: Source

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