You are here:www.orfonline.org » Energy News Monitor                                                                Welcome
Services
 
           
POWER
 
Vol. VIII Issue. 51
Coal India asks arms to sign FSA with power units coming up by 2015

05 June 2012

June 5, 2012.Coal India has directed its subsidiaries to enter into fuel supply pacts with power units that are coming up between January 2012 and March 2015, bringing a respite to fuel-starved power companies. The development comes in the wake of Coal Ministry, directing the public sector company to enter into pacts with power units which will commission during the period. Coal India has nine subsidiaries, including Mahanadi Coalfields Ltd and Eastern Coalfields Ltd. CIL will seek advice from Prime Minister’s Office (PMO) through the Coal Ministry on how to go about signing FSAs with power plants for three years. The PMO had asked CIL to sign FSAs with plants that have come up after April, 2009 and will be set up till March, 2015 by March 2012.

      
 
 
© 2012 Observer Research Foundation. All Rights Reserved.