State-owned miner Coal India has sought permission to import coal for its consumers on a cost-plus basis under the new fuel supply agreement (FSA), but not everyone is willing to buy imported coal from CIL at a price they are quoting.
In an interview Coal India chief Mr Narsingh Rao said ” Pooled pricing is still under consideration. 15% of minimum assured quantity will be imports and it will be charged on cost plus basis. We are yet to get nod from all the consumers and board of director.”
On the other hand NTPC, coal India's largest buyer, was concerned on cost of importing coal and said it would only agree if cost of imports is less than their current cost.
If Coal India imports coal through state agencies like MMTC and STC, it may not be able to offer a cheaper rate to NTPC, which may prompt the largest power producer to opt out.
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