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Vol. IX Issue. 1
CIL signs fuel supply pacts with 27 power units

19 June 2012

June 18, 2012. Coal India Ltd (CIL) has entered into fuel supply pacts with 27 power units, including Adani's Mundra Power plant in Gujarat. The signings come even as the Prime Minister's Office (PMO) is slated to convene a meeting to iron out issues in the pact, mainly the penalty clause, which have kept power firms like NTPC from inking the fuel supply agreement (FSA) with CIL. Other power units with whom the coal PSU has signed FSAs include Lanco Anpara Power, Reliance Power's Rosa Power Project and CESC. The government had issued a presidential directive to CIL in April to sign FSAs with the power producers assuring them of at least 80 per cent of the committed coal delivery.

      
 
 
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