India's Reliance Power buys three coal mines in Indonesia

India's Reliance Power LtdNew Delhi - India's Reliance Power Ltd said Friday that it has acquired three coal mines in Indonesia with total reserves of 2 billion tons.

The company did not give any financial details about the transaction.

The acquisition was carried out by its wholly owned subsidiary Reliance Coal Resources Pvt Ltd, the PTI news agency reported.

The company acquired a 100-per-cent interest in the Srivijaya Bintangtiga Energy, Bryayan Bintangtiga Energy and Sugico Pendragon Energy mines in South Sumatra province, which are spread over an area of 40,000 hectares, the report said.

Reliance Power is part of the Anil Dhirubhai Ambani conglomerate, which is building power utilities across India using 3 billion dollars it raised in the country's biggest initial public offering in January.

The coal from the Indonesia mines would supply Reliance's power projects in India's southern and western states of Andhra Pradesh and Maharashtra. (dpa)