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06-21-2012, 09:03 PM #1
CIL assures minimum supply of fuelCoal India has informed the government that it would be able to assure a minimum supply of only 66 per cent of the total fuel contracted to power plants, a move that would add to the woes of the sector this fiscal.
The proposed minimum fuel supply level of 66 per cent is much lower than the 80 per cent that has been stated in the Presidential directive to CIL in April.
ďAs per the production plans of Coal India Ltd for this year, the PSU has said that it can make available only 66 per cent of the committed quantity to the power producers for plants commissioned from April 1, 2009,Ē a source in the Coal Ministry told PTI.
This issue is also expected to be taken up at the meeting scheduled for tomorrow at the Prime Ministerís Office (PMO) to discuss various factors related to coal sector, amid acute fuel shortages hurting power generation.
The meeting, to be chaired by Prime Ministerís Principal Secretary Pulok Chatterji, is also likely to be attended by officials from Coal and Power Ministries, besides CIL Chairman and Managing Director S.Narsing Rao.
CILís proposal to make a minimum fuel supply of 66 per cent is only for the current fiscal (2012-13). In the next fiscal, the same might come down to 55 per cent, the source said.
However, based on future production estimates, Coal India might increase the minimum fuel supply level to 67-68 per cent in 2014-15, and further to 73 per cent in 2015-16....being a human...