MUMBAI, Oct 24 (Reuters) - Indian state-run power producer NTPC Ltd (NTPC.BO: Quote, Profile, Research) may form a joint venture with Indonesian coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) (PTBA.JK: Quote, Profile, Research) to ensure fuel supplies for its projects, the Economic Times said.
Quoting unidentified sources, the paper said NTPC wants to set up two joint venture operations with PTBA, one to provide engineering support to develop a power plant and another for a coal mine.
"If the talks succeed, the two sides could sign an MoU (memorandum of understanding) for development of a thermal power plant and a coal mine," the newspaper quoted an unidentified Indian power ministry official as saying.
The official said officials from NTPC were soon expected to visit Indonesia to hold final discussions with PTBA on the issue.
A NTPC spokesman could not be immediately reached for a comment.
The paper said NTPC would mainly use the coal deal with PTBA to feed a proposed 500 megawatt power plant in Sri Lanka.
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