Coal India has floated tenders to seek more supplies to meet rising demand
Amid a spike in power demand due to extreme heat wave conditions, which have put pressure on coal supplies for thermal power plants, Coal India Limited (CIL) on Friday floated two international tenders to source 6 million tonnes of dry fuel to shore up supplies.
“ln an urgency to shore up coal stocks at the indigenous coal based power plants, as directed by the Govemment, Coal India Limited (CIL) on Friday floated two international competitive bidding e-tenders of 3 million tonnes each, to source coal from abroad,” a statement issued by the company said.
It further said that the bids are for 5,000 GAR (gross as received) quality of thermal grade coal. These two medium term tenders for a total of 6 million tonnes of coal have an option of increasing the bid quantity to 12 million tonnes.
With the issuance of these tenders today, CIL has now floated two back-to-back international competitive bids, as assigned by the Government, in a record time adhering to the timeline set.
“In a first-ever, Coal India Limited on Wednesday floated an international competitive bidding e-tender, seeking bids for import of 2.416 million tonnes of coal,” the company had said in a statement on Thursday (June 9).
CIL has been forced to seek additional supplies of dry fuel as thermal power plants across the country have been running short of their normative quota of coal.
Earlier this week, Power Minister R K Singh had said that coal production needs to be enhanced in the country to meet rising demand. (Also Read: Greater Coal Production Needed To Meet Rising Demand, Says Power Minister)
All 165 thermal power stations of the country are left with less than one-third of normative coal stocks.
For all the latest business News Click Here
