Power Honchos’ meeting with Coal Ministry…

The head honchos of private power producers such as Mr. Anil Ambani (Chairman – Reliance ADA Group) and Mr. Cyrus Mistry (Tata Group) has met the Mr. Sriprakash Jaiswal, the Hon’able Coal Minister, Indian Government. The meeting was the part of the whole day meetings with the top government officials regarding various ongoing and upcoming issues of the Indian Power Sector.

 

Spark learnt that the outcome of thee meting with the Coal Minister was:

1. Lots of issues are prevailing in the gas and coal supplies for the power plants.
2. Power producers are seeking for pooling of domestic and international coal prices in the total cost to be shared by all the power companies.
3. However, the above proposal was rejected by the Coal Ministry.
4. Other requirement was the signing of the FSA (Fuel Supply Agreement) which currently is 50% of the requirement. Power companies have requested to increase this level to 65% to 70%.
5. It seems that Coal Ministry may agree with this proposal after discussing with the Power Ministry.