Mahanadi Coalfields Ltd (MCL) has intended to offer 155,000 MT coal under Import substitution exercise for the month of Aug’19.
The exercise is envisaged as a measure to bring down imports volume taken by power plants; by supplying higher grade coal from alternate domestic sources.
Consequently, three power utilities namely-Adani Power (Tirora TPP), SKS Power and RKM Powergen holding FSA with SECL, have been offered coal under import substitution for the month.
The coal quantity would be supplied from Hingula OCP and Bhubaneswari OCP located in MCL’s Talchar coalfields in the ratio of 50:50. However, the company had specified that the customer will have to book the coal from Hingula, then after booking from Bhubaneswari OCP would be allowed.
| Name of Customer | Total Offered Quantity | Volume allocated in Hingula OCP | Volume allocated in Bhubaneswar OCP |
| Adani Power (Tirora TPP) | 50,000 | 25,000 | 25,000 |
| SKS Power | 60,000 | 30,000 | 30,000 |
| RKM Powergen | 45,000 | 22,500 | 22,500 |
Volume in MT
The beneficiary customers have been asked to submit their consent and deposit the requisite coal value and other details, for issuance of road orders by 29 Aug’19.
Besides, it was reiterated to the power utilities to assure that they have either stooped imports or shall be stopping further imports of coal forthwith.
It was not the first time MCL had offered coal under import substitution exercise, having previously floated 143,500 MT coal in the month of Jun’19.
For the FY20, Coal India Ltd (CIL) has intended to put forward 4.5 MnT coal for import substitution under supply commitment at 100% level. Whereas under supply commitment at assured level the coal company has set the mark at 3.38 MnT.
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