CIL signs 160 fuel supply pacts

Amid continuous delays, state- owned Coal India (CIL) has so far signed 160 fuel supply pacts with power units.

The Cabinet Committee on Investment (CCI) had earlier stated that the timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met.
 
"As of now Coal India has signed 160 fuel supply agreements (FSAs). There are still some more to be signed," a Coal India official said.

The official added that CIL has to sign 172 FSAs for a capacity of 78,000 MW.
 
Power projects with 78,000 MW capacity have been approved for coal supplies by the Cabinet Committee on Economic Affairs (CCEA). 

For these projects FSAs would be signed for 172 units covering 134 Letter of Assurances (LoAs).
 
"(Overall) 177 LoAs (Letter of Assurances) were issued by CIL and its subsidiaries for power projects to be commissioned during the 11th and the 12th Five year Plan. These LoAs cover a capacity of about 1,08,000 MW," according to a Coal Ministry document.
 
Two deadlines set for the signing of FSAs by CIL with the power producers could not be adhered to. 
 
The Coal Ministry had set the deadline of August 31, 2013 for signing of the FSAs, which could not be met. The second deadline was set for September, last  year. 
 
Canada beckons
 
Canada on Tuesday invited world's largest miner Coal India Ltd to explore mining opportunities in the country.
 
"We want Coal India to come to Canada and invest in the coal sector, mainly in metallurgical and coking coal," Canadian High Commissioner Stewart G Beck said here on the sidelines of an interactive session with members of CII eastern chapter.
 
He also met senior officials of Coal India Ltd (CIL) to discuss opportunities for the company.
A few Indian steel companies have started importing some grades of coal from Canada.
 
CIL was planning to import coal on behalf of its power plant consumers to meet the shortfall in supply and tender has already been floated seeking bids for the same.
 
But as CIL is looking at thermal coal to feed the power plants, it is looking at coal sources closer home.
 
Beck also expressed hopefulness for higher growth in bilateral trade with India.
 
"In 2013, the total bilateral trade was around $5.5 billion, a growth of 12 per cent over last year. We are expecting higher growth this year," he added. 

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry