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April 25, 2012

Four PSUs signed FSAs with CIL… four more to go by day end…

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Power India found that at least four public sector thermal power units have already entered into pact with Coal India Ltd. This is as a result of finalising the draft fuel supply pact on April 20.

 

According to Mr. N. Kumar (Director Technical of CIL) another four odd units are expected to complete signing the FSAs by this evening.

 

The interest shown by the public sector is in contrast to the allegations levelled by the private sector against CIL for ignoring the interest of power lobby. “This draft FSA is heavily biased against the power sector developers,” Dr. Ashok Khurana, Director-General of Associated Power Producers.

 

The private power producers' lobby has sought Prime Minister's appointment to push their case forward.

 

Talking to newspersons on Tuesday, Mr Kumar said that FSAs were yet to be signed with NTPC units as the power major has raised objections against GCV-based pricing mechanism. “NTPC is not ready to accept GCV-based classification of coal for the existing as well as future FSAs. The issue is being negotiated,” he said.

 

 

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