Mahanadi Coalfields Ltd (MCL), the subsidiary of CIL operating in Odisha, has cut short preferential loading of Independent power producers drawing coal through Fuel Supply Agreement (FSA) for the month of Sep’19.
The Independent power producers (IPP) having FSA with MCL were notified that they would be offered only 75% of their monthly scheduled coal quantity through the preferred mode of transportation. Customers willing to lift the balance 25% of the monthly coal volume have been asked to opt for Road/RCR (Rail cum Road) mode.
It was further informed that IPPs having any mine from Talchar coalfields in their FSA, would be offered the balance coal quantity from Hingula OCP and Bhubaneswari OCP (50% each) for lifting through Road/RCR mode. While, in case of IPPs linked to the mines of IB Valley fields, coal lifting envisaged for Road/RCR mode was offered from Lakhanpur OCP.
Of late, MCL has been facing dearth of coal following the landslide mishap at the Bharatpur mines.
Notably, the company had withdrawn the supply of monthly scheduled quantity for the month of Aug’19, to be made against the bid quantities acquired from Bharatpur mines under various e-auction schemes. In addition, supply of monthly scheduled quantity for FSA customers having Bharatpur OCP as primary source, were also shifted to the secondary sources.
MCL has even trimmed the coal volume offered for monthly spot e-auction by 70%, envisaged during the month of Sep’19. The spot auction for the sale of 0.23 MnT coal is scheduled on 12 Sep’19, offering coal from only three sources namely-Orient-2, HBI and Hingula.
The previous spot auction held in the month of Jul’19 had seen sales of 0.784 MnT coal offered from 13 different lots. Apparently, no auction was conducted in the month of Aug’19.
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