Coal India ties up with 17 power plants to substitute imports
State-owned miner Coal India ( CIL) has tied up with 17 power plants to drive import substitution, besides other measures that have helped it to push 71 million tonne of additional coal to consumers ending February this fiscal. This would help ease pressure on the government’s current account with dropping coal imports. All the 17 power plants have linkage existing with the miner.
India’s coal imports dropped 29.7% to 48.84 MT in April -June this fiscal and as of February 28, CIL could push additional 71 MT with e-auction booking increasing by 43.5 MT during April-February this fiscal.
Besides inking pact with 17 power plants for taking indigenous coal replacing imported coal, the company offered additional coal to the non-regulated sectors against fuel supply agreements of up to 100% of annual contracted quantity (ACQ).
