Should Coal India be allowed to carry on e-auctions?
September 23, 2014
Coal India need to honour the commitment given to power producers by supplying them coal first and only resort to e-auction of any excess production
AK Ramdas
The Cabinet Committee on Economic Affairs wants Coal India Ltd (CIL) to complete the 172 FSAs (fuel supply agreements) so as to cover the requirement to generate 78,000 MW capacity. Dutifully, in line with this directive, Coal India Ltd (CIL) has, so far, signed, 161 FSAs to reach 73,675 MW. Only 11 more to go and this will probably be completed over next four-six weeks.
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