Tata Power gets license to invest in Russian coal mine

NEW DELHI, Oct 5 (PRIME) -- Indian energy company Tata Power has received a license to invest in a coal deposit on Russia’s Far East, head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters on Friday.

“We are actively working with several Indian companies on investments in Russia, including with Tata Power, which plans to develop actively the Far East… It has already got a license to invest in a coal deposit,” Dmitriev said.

Far East Development Minister Alexander Galushka said earlier that Tata Power plans to develop the Krutogorovskoye field on the Kamchatka Peninsula and will invest 36 billion rubles.

(66.2115 rubles – U.S. $1)

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