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Coal India signs fuel supply pacts for 71,500 MW capacity

Coal India

State-owned Coal India has signed fuel supply agreements (FSAs) for capacity of 71,500 MW

Coal IndiaNew Delhi: State-owned Coal India has signed fuel supply agreements (FSAs) for capacity of 71,500 MW, a top official of company said.

“(Out of the 78,000 MW), 71,500 MW has been signed,” Coal India Chairman and Managing Director S Narsing Rao told reporters here.

Amid continuous delays, the Cabinet Committee on Investment (CCI) had earlier said that timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met.

Two deadlines set for signing of the fuel supply agreements by Coal India (CIL) with the power producers could not be adhered to.

The Coal Ministry had set the deadline of August 31 for signing of the FSAs, which could not be met. Further, the second deadline of September 6 was also not achieved.

CIL has recently tweaked the provision pertaining to the settlement of disputes in the model fuel supply agreements for the existing and new state-owned power utilities.

According to the new FSA, Coal India will supply 65 per cent of the contracted amount from domestic sources and another 15 per cent through imports with pass-on pricing model.

PTI

 

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