Coal India Ltd (CIL) has called a meeting with various government officials as well as public enterprises to discuss and finalize modalities for importing coal to meet the needs of various fuel starved power plants.
CIL has issued a Pre Notice Inviting Tender (NIT) meeting for the above purpose.
According to sources, this move of CIL follows the directive of Coal Ministry to enter into Fuel Supply Agreements (FSA) for the 78,000 MW capacity assuring them of at least 80% of the committed level.
Out of that, Coal India to supply 65% from domestic sources and another 15% through import.
So far, CIL has signed 82 FSAs for the capacity of 34,793 MW.
CIL had earlier said that it may import as much as 20 Million tonnes of the fuel during the current financial year to comply with the orders for increasing supplies to power utilities and avoid paying penalties.
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