Web Exclusive | January 2013
CIL expects NTPC to sign FSA soon
Narsing Rao, Chairman of Coal India (CIL) expects state-run power major NTPC to approve the proposal to sign fuel supply agreement (FSA) with the monopoly coal producer in the next board meeting.
It may be recalled that on December 10, Arup Roychowdhury, Chairman of NTPC informed reporters that FSAs would be signed in a month's time.
Roychowdhury said this after meeting Narsing Rao to iron out some of the issues in the FSA. NTPC will have to sign 13 out of 18 FSAs left to be signed so far. CIL had earlier repeatedly said that coal supply would not be stopped for NTPC.
Meanwhile, Rao said CIL had received a request for import of 5-6 million tonne of coal from its consumers. CIL, however, is yet to work out the details of the import plan.
The CIL board meeting did not discuss the issue of International Coal Ventures, a special purpose vehicle formed to acquire mines abroad.