Coal India's managing director Mr S Narsingh Rao spoke on Fuel Supply Agreement pact with power producers in India and also scope of importing coal.
“According the Central Electricity Authority's supply list, 49 thermal power stations are eligible to sign FSAs. However a pre-requisite mandates the signing of a PPA with a discount. So far 14 have signed and are drawing coal. I have no idea about the balance 35. “, said Mr Narsingh Rao, CMD Coal India
For the current year, our plan is to increase output by 30 million tones, but there will be still a shortfall of about 15-20 million tonne. The total requirement has been pegged at about 50 million tonne.
If the consumers expect us to import, they will bear the cost. There is no question of any cross-subsidisation on that count.
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