Close

LOGIN

Remember me
Not a member?
or
Connect using:
Why BS?

We encourage visitors to register on Business Standard. Registering on the site is absolutely Free and offers you the following benefits.

Free Daily E-newsletter

Breaking News Alerts in your Inbox

Post Comments and Share your Feedback

Your Personal Business Standard Page

Free Portfolio of Stocks, Equity and Commodities Derivatives

Access Premium Services

Receive Selective Offers from our Third Party Premium Advertisers

Get Invited to Business Standard Events

Close

FORGOT PASSWORD?

Not a member?

Coal Min asks CIL to consider NTPC's request on FSA

Revised fuel pact to have new minimum fuel suppy level for new units of its existing plants

Related News

The government today said it has asked Ltd (CIL) to consider 's request for signing the fuel supply pact, with the revised minimum fuel supply level, for new units of its existing plants.

"CIL has been asked to examine the reference received from NTPC and the representation of Association of Power Producers for taking appropriate action," Coal Minister Sriprakash Jaiswal said in a reply to the Lok Sabha.

"CIL has received a request from NTPC to consider signing of the for the additional units of their existing power stations on the same parameters as done with their existing plants, but with revised trigger point on disincentive as per the government orders," Jaiswal said.

The ministry has also received a representation from the power producers association, seeking changes in the new model fuel supply agreement, he added.

On Monday, power producer NTPC had said that it would accept only the revised minimum fuel supply level and not other changes suggested for signing the new pact with Coal India.

NTPC is among the many power generators who have refused to ink the fuel supply agreement (FSA) with CIL.

"I will only sign the FSA with change in the trigger point, because that is the direction given by the government, why should I accept 10 or 15 more changes," NTPC Chairman and Managing Director Arup Roy Choudhury had said.

Amid acute fuel scarcity hitting power generation, the government has directed CIL to sign FSAs with power companies, with the minimum supply commitment of 80% of the total contract.

"The second point is that I have a station with five or six generation units. FSAs are already there for five units and the six unit is getting fuel through MoU. Why should there be a separate FSA (for the sixth unit)? May be, the sixth unit can have a different trigger level," Choudhury had said.

With persisting uncertainty over FSA, Sushilkumar Shinde had written to the (PMO) seeking intervention on the issue.

Shinde's communication came after the Central Electricity Authority (CEA) held discussions with various power generators on May 9 to gather their views on the FSA problem.

The Power Minister has requested the PMO to instruct the Coal Ministry and CIL to sign FSAs within a month based on the 2009 format.

Read more on:   
|
|
|
|

Read More

CoalMin identifies 54 blocks for allocation through auction

Amid controversies over allegations of irregularities in allocation of coal mines, the Coal Ministry has identified 54 blocks to be allocated to ...

Advertisements

Back to Top

Quick Links

Back to Top