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Coal India signs 161 FSAs with power plants

10 Nov 2014 Evaluate

Coal India (CIL) has so far signed 161 fuel supply agreements (FSAs) for a capacity of 73,675 MW out of the total 172 FSAs covering 134 LoAs (Letter of Assurances), following the CCEA (Cabinet Committee on Economic Affair) directions for signing of the FSAs with the projects with 78,000 mw capacity.

Still there are 43 LoAs which are not covered within the 78,000 mw projects. Of this, 25 projects with a capacity of 19,635 mw have already achieved their milestones. In 9 cases, milestones are under verification or the matters are subjudice. In the remaining 9 cases, one full LoA and one part LoA have been cancelled. However, in 4 full LoAs and one part LoA, CG (Commitment Guarantee) has been forfeited and matters are sub-judice. In 3 LoAs, tapering linkage period has expired.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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