PowerMin moves Cabinet note to ensure coal supply for plants

Tags: News
The Power Ministry has moved a draft Cabinet note to ensure coal linkages for power projects which are already commissioned or are likely to be commissioned by March.

It follows Finance Minister Arun Jaitley's announcement in the Budget 2014-15 speech that adequate quantity of coal will be provided to power plants that are already commissioned or would be commissioned by March 2015, to unlock dead investments.

The Power Ministry has sought suggestions of various ministries like coal, finance, law and environment on its draft note that seeks to ensure coal supplies for the thermal power plants, said a source close to the development.

The source further said that the approval of the CCEA is also being sought for supply of linkages to the power plants being commissioned after March, 2015 and up to the end of 12th Plan Period, i.E. 2016-17.

These are the power plant which neither have Letter of Assurances nor fuel supply agreements, the source added.

In June last year, during the CCEA meeting it was decided that state-owned Coal India (CIL) which accounts for over 80 per cent of the domestic coal production will sign fuel supply agreement for about 78,000 mw capacity for which linkages was earlier granted by way of Letter of Assurance issued by the 'Maharatna' firm.

Out of this 78,000 mw, 48,100 capacity has already been commissioned by March.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • RBI has been wise to retain policy rates

    The Reserve Bank of India has been wise to retain policy rates in its latest money policy announcement.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Education domain must be autonomous

Few issues in the higher education domain exist despite numerous ...

Rajgopal Nidamboor

Can we modify our emotional bearings?

We are not always a replica of our thoughts, emotions ...

Gautam Gupta

French fashion icon Gaultier’s pret goodbye

With Gaultier gone, the world of international prêt will never ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture