It seems that despite criticism on the draft of Fuel Supply Agreements (FSAs), more and more private power producers are queuing up to sign FSAs with Coal India; CESC Ltd (Kolkata based) is the latest to join the league.
CESC sought to sign two fuel supply agreements with below mentioned Coal India subsidiaries
(i) Bharat Coking Coal Ltd, and
(ii) Eastern Coalfields
Both of these agreement will cater the assured coal supply to CESC’s 250 MW unit at Budge Budge in West Bengal.
Update on some other power producers
- Earlier, the Reliance Power-controlled Rosa Power in Uttar Pradesh signed a fuel supply deal for three units of 300 MW each.
- Lanco signed agreements with the Singrauli-headquartered Northern Coalfields Ltd (NCL) for its 2 X 600 MW Anpara thermal power station, also in Uttar Pradesh.
- Bajaj Energy, a relatively smaller private player, has also signed a deal with the Ranchi-headquartered Central Coalfields Ltd for its 4 X 45 MW power plant in UP.
- Adani Power is the only major private power producer that has yet to enter into a fuel supply pact with Coal India. The Ahmedabad-based company is reportedly in need of coal supply for 3-4 units.
- In the public sector, NTPC is still negotiating the terms of the agreement with Coal India. The company, however, gets assured supply from Coal India through existing agreements.
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