Coal India to offer 45 mt for stressed power Gencos



Source: THE ECONOMIC TIMES

Coal India has drawn up a special forward e-auction calendar for 2018-19 under which it would be offering 45 million tonnes of coal for power companies that do not have regular coal supply contracts with the coal company.

According to power executives 45 million tonnes is good enough to run 11,250 mw of thermal power generation capacity at 85% capacity utilisation for a full year.

This is part of the company’s effort to help stressed power companies plan their fuel procurement plan so that the can plan ahead. It would also help them systemtically lift coal for power generation in an effort to increase capacity utilisation and increase generation.

“This special forward e-auction is aimed at offering a transparent way of helping stressed power plants without regular supply contracts. This would allow them to jack up generation,” said a Coal India executive.

“All the coal producing subsidiary companies of Coal India have uploaded their month wise source-wise quantity of coal they would be putting under hammer for the special forward auction right up to March 2019,” he said.

“Power producers, particularly Independent Power Producers, can now plan much in advance their coal requirement source wise, grade wise, size wise, quantity wise and mode wise as the company has indicated the availability right in the beginning of the fiscal” he said.

Source: THE ECONOMIC TIMES