New Delhi: Some of the power companies like Lanco, Damodar Valley Corp (DVC) and SKS Power are yet to enter into a fuel supply pact with Coal India (CIL), amid another deadline set for signing of FSA having expired.
"Some of the companies like Lanco Badandh Power Ltd, SKS Power Generation's Binjkote unit and DVC's power plant in Bokaro are yet to enter into fuel supply pact with Coal India," a source said.
In the case of DVC, the milestones related to land acquisition, forest clearance and equity investment are not fulfilled, the source added.
In the case of Lanco Babandh Power, the source said "there were a few milestones which were not achieved as well as there was change of location of the project. The matter was discussed in the meeting of the Standing Linkage Committee where the panel recommended acceptance on change of location as per the advice of the Environment Ministry and condoned delay for submission of water clearance.
These cases are covered within the 78,000 MW plants approved by the Cabinet Committee on Economic Affairs.
In case of SKS Power Generation's Binjkote Unit, the source said land area has been reduced from 874 acres in MoEF (Ministry of Environment and Forest) clearance to 568.668 acres.
The Coal Ministry had earlier set a deadline of August 31 for signing of fuel supply agreements (FSAs) which could not be met. Another deadline of September 6 was also not fulfilled.
So far Coal India has entered into fuel supply agreements with about 140 power plants.
CIL has to sign 173 FSAs for a capacity of 78,000 MW.
Latest Business News
