Thousands of vehicles were lined up in queues stretching for kilometers as drivers waited for filling stations to be replenished with fuel supplies
Industry body Assocham has sought relaxation in the norm that seeks long-term power purchase agreements (PPA) with distribution companies (discoms) to get coal under fuel supply agreement.
Coal India (CIL) has modified its fuel supply agreement to allow a third party to collect samples and determine the quality of the dry fuel. The modified provision will be effective after third-party sampling starts, CIL said.
State-run Coal India will tomorrow enter into 7-8 more fuel supply pacts with power major NTPC for 4,000 MW generation capacity, a top official said today.
Power: NTPC's generation fell 4.2 percent YoY due to 1.1 percent YoY decline in coal-based generation and 34.1 percent YoY decline in gas-based generation. Tata Power reported 114.5 percent YoY growth in generation, following the commissioning of the entire 4000 MW Mundra plant, says ICICIdirect.com.
Power Minister Jyotiraditya Scindia will meet Coal Minister Sriprakash Jaiswal this week to discuss fuel supply issues, including price pooling.
Shortages in fuel supply to power plants are hurting over 20,000 MW generation capacity in the country, a Power Ministry official said today.
Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the price-pooling mechanism should be adopted for fuel supply to power firms but solution to some of the issues involved could take some time.
The Coal India board met today in Delhi to discuss issues related to the fuel supply agreements. The board has agreed on the penalty to be levied if there's a shortfall and in principle has agreed to pooling of prices as well, reports CNBC-TV18‘s Anshu Sharma.
In an interview with CNBC-TV18, Ashok Kumar Khurana of Association of Power Producers said that whether the trigger level is set at 65% or 75%, it is very important to align the coal and power sector regulations.
Amid investigations in alleged irregularities in allocation of mines, industry body Assocham today said the government must immediately initiate steps to enhance coal output and ensure adequate fuel supply to the power sector to save it from being engulfed by controversies.
State-owned Coal India has directed its subsidiaries to enter into fuel supply pacts with power units that are coming up between January 2012 and March 2015, bringing a respite to fuel-starved power companies.