Advertisement

HindustanTimes Mon,24 Nov 2014

Power min moves cabinet note to ensure coal supply for power plants

PTI  New Delhi, August 26, 2014
First Published: 15:42 IST(26/8/2014) | Last Updated: 15:46 IST(26/8/2014)

The power ministry has moved adraft cabinet note to ensure coal linkages for power projects which are already commissioned or are likely to be commissioned by March.

It follows finance minister Arun Jaitley's announcement in the Budget 2014-15 speech that adequate quantity of coal will be provided to power plants that are already commissioned or would be commissioned by March 2015, to unlock dead investments.

The power ministry has sought suggestions of various ministries like coal, finance, law and environment on its draft note that seeks to ensure coal supplies for the thermal power plants, said a source close to the development.

The source further said that the approval of the CCEA is also being sought for supply of linkages to the power plants being commissioned after March, 2015 and up to the end of 12th Plan Period, i.e. 2016-17.

These are the power plant which neither have Letter of Assurances nor fuel supply agreements, the source added.

In June last year, during the CCEA meeting it was decided that state-owned Coal India (CIL) which accounts for over 80% of the domestic coal production will sign fuel supply agreement for about 78,000 mw capacity for which linkages was earlier granted by way of Letter of Assurance issued by the 'Maharatna' firm.

Out of this 78,000 mw, 48,100 capacity has already been commissioned by March.


Advertisement
more from India

Beijing on mind, PM Modi in Pacific push

In yet another foreign policy push by Prime Minister Narendra Modi, India will next year host a summit of 12 Pacific Island countries that are strategically important but have for long been neglected.

Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved