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New UserCIL’s FSA clause highly skewed
16 Dec 2014
December 16: Coal India Ltd (CIL) will not pay any penalty to consumers if it supplies up to 80% of annual contracted quantity (ACQ) of coal to them as per the Fuel Supply Agreements (FSA) signed by it.
The following table provides detailed break-up of penalties that CIL will pay in case of deviation from committed supply of coal:
|
Source |
Level of Delivery / Lifting of Coal in a Year |
Percentage of Penalty for the failed quantity (at the rate of weighted average of Base Prices of Grades of coal supplied) |
||
|
2012-13, 2013-14 & 2014-15 |
2015-16 |
2016-17 onwards |
||
|
Imported + Domestic Quantity |
Below 100% but up to 80% of ACQ |
NIL |
NIL |
NIL |
|
Applicable for Imported Coal Only |
Below 80% but up to 75% of ACQ |
0 - 1.5 |
0 - 1.5 |
0 - 1.5 |
|
Below 75% but up to 67% of ACQ |
_ |
|||
|
Below 67% but up to 65% of ACQ |
- |
_ |
||
|
Applicable for Domestic Coal |
Below 75% but up to 70% of ACQ |
- |
- |
0 - 5 |
|
Below 70% but up to 67% of ACQ |
- |
– |
5 - 10 |
|
|
Below 67% but up to 65% of ACQ |
- |
0-2 |
||
|
Below 65% but up to 60% of ACQ |
0 - 5 |
2-7 |
10 - 20 |
|
|
Below 60% but up to 55% of ACQ |
5 - 10 |
7 - 20 |
20 - 40 |
|
|
Below 55% but up to 50% of ACQ |
10 - 20 |
20 - 40 |
||
|
Below 50% of ACQ |
20 - 40 |
|||
Note: Penalty slabs were framed for the respective years keeping in view the Presidential Directive to assure domestic supply at 65% of ACQ for the year 2012-13 to 2014-15, 67% in the year 2015-16 and 75% in the year 2016-17 onwards.