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1.79 LT of imported coal landed at Mundra port: Coal India

State-owned  Coal India  Limited today said the first shipment of 1.79 lakh tonnes of imported coal has landed at Mundra port and would be supplied to the power companies.

"The first shipment of about 1,79,000 (tonnes) for requirement of Nabha TPs (Thermal Power Station) and Talwandi Sabo TPs against their third quarter requirement has already been unloaded at Mundra Port and presently under the process of delivery through rail," CIL said in a filing to the BSE.

In terms of the Presidential Directives issued in 2012 and last year, CIL board had earlier decided that under fuel supply pacts for new power plants commissioned after 2009, out of the minimum assured quantity i.e. 80 per cent of Annual Contracted quantity, 15 per cent shall be supplied from imported coal.

Such imported coal supply was decided to be made through a PSU importing agency under a back to back supply agreement with the power plants opting to take imported supply from CIL.

Accordingly, CIL engaged  MMTC  through a competitive bidding for arranging such imported coal.

MMTC floated tender for import of coal against which they received offers for supply to Nabha TPS, Talwandi Sabo TPs and NLC Tamilnadu Power.

"There was no offer received against order of  CESC  and the requirement of CESC was dropped under the provisions of force majeure," the company said.

The government had earlier said that CIL has received an order to import around 5 lakh tonnes of coal for the current fiscal.

Source: moneycontrol.com