State-run NTPC is ready to sign the fuel supply agreement with Coal India at a minimum assured supply of 65%, as per the Prime Minister's Office (PMO) directive. PMO, understood to have accepted the demand of Coal India to lower the minimum supply level or trigger level to 65% from 80%.
NTPC asked the coal major to raise the minimum supply level to 72% in four years and reach the 80% mark in five years. PMO also asked Coal India to go for coal imports through the state-owned agencies including STC and MMTC. There will not be any moratorium on payment of penalty. CIL has set a production target of 464 MT for 2012-13.
