Coal India has sought more time for signing fuel supply agreements with power companies, say CNBC-TV18 sources. CIL Board met on April 16 to discuss issues related to FSAs. However, minutes of the meeting are yet to be approved.
The government has ordered Coal India to sign fuel supply pacts with power producers at the 80% trigger level. The order, which came as a presidential directive, will ensure coal supplies to fuel-starved power companies wanting to start power production.
The directive was issued to Coal India Ltd as the public sector undertaking failed to meet the 31 March deadline set by the Prime Minister's Office for entering into fuel supply agreements with power producers.
Meanwhile, CIL has also sought further clarity on power projects between 2012-15
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