The Model Fuel Supply Agreement (FSA) with the new power plants commissioned / being commissioned after 31.03.2009 to 31.03.2015 was initially modified by Coal India Ltd (CIL) Board in its 282nd meeting held on 16.04.2012 after a Presidential Directive was issued on 04.04.2012, which was further modified by the CIL Board in its 286th meeting held on 07.08.2012.
Amongst other modifications, the Board also considered to revise the penalty for supply of coal below the minimum assured supply commitment under the FSA ie trigger level 80 pc of the Annual Contracted Quantity (ACQ) in a staggered manner on linear basis.
