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Tata Power said it has signed a memorandum of understanding with Siberian Coal Energy Company (SUEK) to tap opportunities in the energy sector.
SUEK is an exclusive exporting company of Open Joint Stock Company and the largest Russian coal producer. The company delivers coal to over 30 countries.
As part of the agreement, both Tata Power and SUEK will cooperate in identifying and targeting opportunities in Russia and other geographies of common interest.
A Tata Power spokesperson said, “SUEK is known to be reliable and a world class player in the mining business and Tata Power looks forward to working with them on 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.”
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