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CIL offers domestic coal to power sector to curtail imports
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SME Times News Bureau | 22 Oct, 2018
Coal India Ltd (CIL), which is taking up "a series of steps" to increase
the availability of domestic coal to power sector, has offered five
million tonnes of coal to state-run NTPC on a credit basis and agreed to
supply 7.94 lakh tonnes of domestic coal per month to power utilities
on condition of import cut, an official said on Monday.
The
miner, by prioritising coal supplies to the power stations of eastern
states, ensured generation to meet the increased power demand during the
just concluded Durga Puja festivals, the official said.
"Despite
the puja festivities and impact of cyclonic storm 'Titli' on coal
production, the supplies have increased to the level of 1.306 million
tonnes per day during October, 2018, " a Coal India official said.
However, the coal supplies to the power sector dipped to 1.169 mt per day during September 2018 due to rains.
The miner has offered 5 mt of coal to NTPC to be lifted by road mode.
"As
against the normal supply term of 'cash and carry', the release of 5 mt
against this offer shall be made on credit basis without insisting for
any advance payment and NTPC is to make payment after receipt of
invoices. CIL has requested NTPC to immediately contact its subsidiaries
to avail the benefit of this offer and to lift the coal within 30 days
of release," the miner said in a statement.
Earlier, in the month
of September, 2018, CIL had also offered domestic coal to the central
and state power utilities and the independent power producers (IIPs),
with the condition that they stop import of the proportionate
quantities, the miner said.
"Against this offer, at the requests
received from the concerned Gencos and AIPPs, ACIL has agreed to supply
7.94 lakh tonnes of domestic coal per month," it said.
South
Eastern Coalfields Ltd., the largest subsidiary company of CIL, from
where considerable requirement of power sector consumers are being met,
has offered to supply coal even beyond the trigger level of 75 per cent
of the contracted quantities.
SECL has also offered supply of the
balance 25% of the contracted quantities under the FSA to the power
generators, which can be lifted by them through Road and Road-cum-Rail
modes, it said.
As adverse effects of monsoon season on the
mining industry has come to a close, CIL is "taking all measures to ramp
up coal production and to further raise the level of supplies from
November, 2018 onwards" to meet the requirements of power and non-power
sector consumers.
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