Coal India has so far Signed Fuel Supply Pacts for 161 Power Units
New Delhi: State-owned Coal India Ltd (CIL) has so far entered into fuel supply pacts with 161 power units for a capacity of 73,675 MW.
"Out of 78,000 MW capacity as on date, CIL (Coal India Ltd) has signed 161 FSAs (fuel supply agreements) for a capacity of 73,675 MW," according to a Coal India document.
The Cabinet Committee on Economic Affairs (CCEA) had earlier directed for coal supplies in respect of power projects worth 78,000 MW capacity, it said. As many as 172 FSAs are to be signed in this regard.
The status of the pending 11 FSAs was reviewed in the meeting of the standing linkage committee held last month, it said.
As many as 177 letters of assurance (LoA) were issued by CIL and its subsidiaries for power projects to be commissioned during 11th and 12th Plan. The letters cover a capacity of about 1,08,000 MW projects, it added.
The Coal Ministry had earlier said that CIL is yet to enter into fuel supply pacts with some of the power units as issues like change in ownership and extension of coal supplies are still being examined by it.
Two deadlines set for the signing of FSAs by CIL with the power producers could not be adhered to. The government 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.
As of 2:34 p.m., shares in Coal India were trading at Rs 343.40 apiece on the BSE, down 0.71 per cent from the previous close.
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