Coal news and updates

Tata Power, Siberian Coal Energy Co ink deal

February 25: Tata Power, on February 23 signed a memorandum of understanding (MoU) with Siberian Coal Energy Company (SUEK) to develop opportunities in the energy sector, the company said in a statement.

As part of the agreement, both Tata Power and SUEK will cooperate on identifying and targeting opportunities in the energy sector in Russia and other geographies of common interest in order to develop mutually beneficial transactions.

“It gives us immense pride to announce our association with Siberian Coal Energy Company. SUEK is known to be reliable and a world class player in the mining business and Tata Power looks forward to working with them in identifying opportunities across the energy chain. The signing of this MoU is a major milestone for Tata Power and we endeavour to be a significant player in the international energy market,” said a company spokesperson.