New Delhi: The country’s largest coal-producing company Coal India Limited (CIL) has decided to buy coal from the international market on the advice of the union Ministry of Energy.
For this, Coal India Limited has issued a competitive e-tender globally for the first time to import 24.16 lakh tonnes of coal by the end of September.
The estimated price of this 24.16 lakh coal to be called from the international market will be around Rs 3,100 crore. Imported coal will be supplied to seven government power generation companies (Gencos) and 19 independent energy projects (Independent Power Plants). Independent energy projects include companies such as Jindal India Thermal, JP Power, GMR, Sebacorp, Vedanta Power, Ratan India, CESC and Ajanta Power.
After getting instructions to import coal as per the need of the power sector by the Central Government, Coal India approved the issue of two international tenders to import coal from the international market on June 2, in its board meeting held on June 2.
One of these two international tenders was of the tender short term i.e. to import coal by September this year. The same was the second medium-term tender, under which coal will be imported by September next year.
A statement issued by Coal India Limited said that the company has issued an international competitive e-tender for the first time, under which bids have been called for the import of 24.16 lakh tonnes of coal. The company’s statement is for short-term tender, which has fixed the total amount of import of coal-based on demand from both government companies and independent power plants.
The last date for receiving bids under this tender is June 29. The successful company selected through the bidding process will supply coal to government power generation companies and independent power plants. It is being told that Coal India will soon release the medium term, ie the tender for the period till September next year.
