Coal India Ltd to sign pacts with power companies to ensure sufficient supply of coal even if the miner has to import the dry..
As per reports and information from our sources,The Planning Commission has asked state-run Coal India Ltd to sign pacts with power companies to ensure sufficient supply of coal even if the miner has to import the dry fuel.CIL should plan for imports if necessary but should sign FSAs, which provide a reasonably high assurance of the fuel, Planning Commission deputy chairman Montek Singh Ahluwalia told the group of ministers on coal during its meeting this month.FSA is a legally enforceable document containing provisions for incentives and penalty for failing to fulfil a commitment.
Bangladesh and India have agreed on an agreement to install two 1320 megawatt coal-fired power plants in this energy-starved country as a joint venture, in line with a deal inked during prime minister Sheikh Hasina's New Delhi visit last month.