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Apr 04, 2012 10:01 AM IST | Source: CNBC-TV18

Coal India to sign FSAs with power cos in 24-48 hrs

Power companies have reasons to cheer as the Government of India has directed Coal India to sign the fuel supply pacts with the power producers at the 80% trigger level, reports CNBC-TV18 quoting sources

 
 
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Power companies have reasons to cheer as a presidential directive from the Government of India has ordered Coal India to sign fuel supply pacts with power producers at the 80% trigger level, reports CNBC-TV18 quoting sources.


According to government sources, it is just a matter of signing the directive which will mandate Coal India to start signing and implementing fuel supply agreements (FSAs).

Under clause 37 of the memorandum of association of Coal India, the Government of India has the right to invoke

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