COAL & MINES

CIL turns down power producers’ request to extend timelines of coal auction for supply contracts

State-owned Coal India has turned down the request of power producers to extend the timelines for the third round of auction and the demand for reassessment of eligibility criteria for participation in the bidding for fuel supply contracts. Also, the PSU miner said that its role is limited to making available the source-wise availability of coal.

The Association of Power Producers (APP) had requested Coal India Ltd (CIL) to extend the timelines for the auction as well as reassess the eligibility for participation in the third round of auction under the SHAKTI B (ii) scheme.

The third auction “is being undertaken by PFCCL (PFC Consulting) as per the IMC (Inter-Ministerial Committee) decision. The CIL’s role is limited to making available the source-wise availability of coal which it has already provided to PFCCL. Therefore, other issues need to be taken up with PFCCL, being the agency responsible for conducting the auction,” CIL told APP.

“Again it is pertinent to mention that the assessment of coal requirement has been made by the CEA (Central Electricity Authority) under the instance of PFCCL as per mechanism of the auction. As such CIL has no role in addressing the concerns raised by APP which may be taken up with the concerned agency,” the PSU said.

Shakti B(ii) scheme is for power producers who have power purchase agreements with discoms but do not have coal supply contracts with CIL.

Source
ET News
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