In a major relief to the power sector, state-run monopoly supplier Coal India has inked fuel supply agreements (FSAs) with sixteen private power projects worth Rs 84,500 crore, which have a generation capacity of over 14,000 mega watts (MW). Further, the ministry is now chasing for similar fuel supply pacts for nine more power projects worth Rs 41,200 crore.
In view of the Centre's efforts to revive investor sentiment by jumpstarting large stalled investments, the coal mammoth expedited the signing of these pacts. With this development, seven of these projects can be commissioned as early as the next quarter (between October and December), while the rest are expected to generate power between January and September next year.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
In view of the Centre's efforts to revive investor sentiment by jumpstarting large stalled investments, the coal mammoth expedited the signing of these pacts. With this development, seven of these projects can be commissioned as early as the next quarter (between October and December), while the rest are expected to generate power between January and September next year.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
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