He added that developers may also obtain fuel from alternative sources in case of any shortage of assured supply of coal from Coal India.
Earlier this week, the coal ministry had said that Coal India had written letters to power companies seeking their consent for supply of imported coal on cost plus basis under the modified Fuel Supply Agreement (FSA). Cost-plus basis means cost of importing coal by Coal India plus additional charges. Meanwhile, 30 power plants have entered into pacts with CIL, which is likely to enter into pacts with 48 power units.
Power companies waiting to sign the FSA with CIL would have to arrange for 17% of coal on their own either through import or e-auction to run their plants at 85% plant load factor.
CIL proposes to use MMTC or State Trading Company to import coal.