Coal India Ltd. Boosts Coal Supplies Beyond Annual Contracted Quantity to Power Plants
Coal India Ltd. (CIL) has simplified its coal supply process, allowing supplies beyond the Annual Contracted Quantity (ACQ) to thermal power plants and independent power plants (IPPs) with fuel supply agreements (FSA) containing an enabling clause. This move aims to increase volume sales of coal and benefit power plants that prefer to lift higher quantities of coal beyond their stipulated ACQ. CIL's coal stock stands at 72 million tonnes (MTs), a 47% increase compared to 49 MTs as of August 12, 2023. In FY 2024, CIL supplied 619.7 MTs to coal-fired plants, a 5.4% growth from FY 2023. Of the total 1177 Billion Units (BU) generated through domestic coal-based power plants in FY 2024, 78% was fueled by coal from CIL sources, amounting to 915 BU.
Key Highlights
- CIL allows coal supplies beyond ACQ to power plants and IPPs with FSAs containing an enabling clause.
- This move aims to increase volume sales of coal and benefit power plants lifting higher quantities of coal beyond ACQ.
- CIL's coal stock has increased by 47% compared to August 12, 2023.
- CIL supplied 619.7 MTs to coal-fired plants in FY 2024, a 5.4% growth from FY 2023.
- 78% of the total 1177 BU generated through domestic coal-based power plants in FY 2024 was fueled by coal from CIL sources.