Coal allocation by CIL to power sector declines 6 per cent in 2018-19
State-owned Coal India (CIL) allocated 27.14 million tonne (MT) coal to the power sector under special forward e-auction mechanism in 2018-19 fiscal, registering a decline of 6 per cent from the previous year. According to the latest monthly report prepared by the coal ministry for the Cabinet, CIL allocated 28.93 MT of the dry fuel to the sector in FY18.
In an attempt to reach out to its consumers, CIL had earlier announced a special forward e-auction calendar for FY19 to facilitate power plants to systematically plan the lifting of coal. Last year, it said it would put on offer a little over 45 MT coal under the special forward e-auction mechanism in FY19.
Meanwhile, the privately-owned thermal power units have complained about increase in coal prices in the spot forward e-auction (SFeA) by CIL and its subsidiaries. The thermal companies have alleged that coal firms have increased reserve price in the range of 10-32 per cent.
