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Stranded in Debt
October 2016
India has come a long way in addressing unmet power demand. Deficit has fallen from 8.7 per cent in 2012-13 to 2.1 per cent in 2015-16. In the last three years, the power sector saw capacity addition of 80 GW, of which 57 GW were coal-fired Thermal Power Plants (TPPs).
CIL signs 160 fuel supply agreements with power plants
May 2014
CIL has so far signed 160 fuel supply pacts with power units. The Cabinet Committee on Investment had earlier stated that the timelines for signing of fuel supply pacts for power projects of 78,000 MW capacity should be met. "As of now Coal India has signed 160 fuel supply agreements (FSAs). There are still some more to be signed," a Coal India official said. The official added that CIL has to sign 172 FSAs for a capacity of 78,000 MW.
Rajans two-tier coal pricing idea gets PC panel support
December 2013
The Raghuram Rajan plan for a dual pricing of coal has found support in the Planning Commission. The commission has asked the Prime Minister's Office (PMO) to introduce two-tier pricing of the fuel that could be operated within the framework of the current fuel supply agreements (FSA) India's public sector Coal India (CIL) is now signing up with thermal power companies.
Rajans two-tier coal pricing idea gets PC panel support
December 2013
The Raghuram Rajan plan for a dual pricing of coal has found support in the Planning Commission. The commission has asked the Prime Minister's Office (PMO) to introduce two-tier pricing of the fuel that could be operated within the framework of the current fuel supply agreements (FSA) India's public sector Coal India (CIL) is now signing up with thermal power companies.
CIL given new deadline to sign 173 FSAs
September 2013
At a recent meeting, union coal ministry asked public sector miner Coal India (CIL) to enter into fuel supply agreements (FSAs) with power plants for 78,000 mw capacity by September 6. The order from the ministry comes after the earlier deadline for signing FSAs ended on August 30.
CIL given new deadline to sign 173 FSAs
September 2013
At a recent meeting, union coal ministry asked public sector miner Coal India (CIL) to enter into fuel supply agreements (FSAs) with power plants for 78,000 mw capacity by September 6. The order from the ministry comes after the earlier deadline for signing FSAs ended on August 30.
CIL and its arms asked to sign FSAs by Aug 30
August 2013
Unconfirmed media reports suggest that state-run miner Coal India (CIL) and its subsidiaries have been asked by the union coal ministry to sign fuel supply agreements (FSAs) with power producers by August 30. On July 17, the ministry issued a presidential directive to CIL, directing it to sign FSAs for about 78,000 mw. Further, it is learnt that the board of directors of the monopoly coal producer recently cleared the signing of FSAs
CIL and its arms asked to sign FSAs by Aug 30
August 2013
Unconfirmed media reports suggest that state-run miner Coal India (CIL) and its subsidiaries have been asked by the union coal ministry to sign fuel supply agreements (FSAs) with power producers by August 30. On July 17, the ministry issued a presidential directive to CIL, directing it to sign FSAs for about 78,000 mw. Further, it is learnt that the board of directors of the monopoly coal producer recently cleared the signing of FSAs
CIL inks 82 FSAs with about 34,793 mw of power plants
July 2013
As on July 25, 2013, Coal India (CIL) signed 82 fuel supply agreements (FSAs) with power stations with a capacity of 34,793 mw. This includes 16 power stations belonging to NTPC and its Joint Venture companies (JVs). 11 more FSAs are ready to be signed shortly with NTPC or its JVs, while another 23 FSAs with state and private secto
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