Team News Riveting
Raipur, September 13
South Eastern Coalfields Limited (SECL), the flagship arm of state-run Coal India Limited (CIL), had increased the coal supply to power sector to avoid power crises.
The country’s power plants are witnessing huge demand for coal following hike in coal prices in the foreign markets and domestic production affected due to monsoon. In order to meet the energy aspirations of the nation and as per the directions of ministry of coal and holding company CIL, SECL has increased the quantity of coal supplied to the power sector. The move would facilitate the objective of avoiding power crisis so that uninterrupted power supply could be ensured.
According to SECL spokesperson, the largest coal producing entity of the CIL had supplied 48.44 million tonne (MT) of coal to the power sector between April and August 2021, which is about 10 MT more compared to previous year’s corresponding period. Coal is being supplied to non-power consumers (including CPPs) under Fuel Supply Agreement (FSA) as per annual contract quantity/monthly fixed quantity.
During the period April-August 2021, 13.03 MT of coal has also been supplied to the non-power sector, which is almost equal compared to last year’s corresponding period. Renewal of FSA is being done as per the instructions received from CIL that has conducted Linkage Auction (T-V) for Sponge Iron Sub Sector and SECL has done FSA with 59 eligible tenderers.
Linkage auction is being conducted by CIL for all those consumers whose FSA is expiring before March 31, 2022 on September 15, 2021 and afterward. Thereafter, FSA would be executed for cement, CPP and other sub-sectors. Besides, spot e-auction and exclusive e-auction would be organized on SECL e-platform in which non power sponge consumers could participate regularly.
