Coal India is rushing to supply coal it has sourced from railway sidings, loading areas and other places over the years to feed power plants critically short of the fuel, a company official with knowledge of the matter said.
The Power Ministry has sought suggestions of various ministries like coal, finance, law and environment on its draft note that seeks to ensure coal supplies for the thermal power plants.
Hinduja Group is willing to invest $10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks, to help bring back economy on high growth path.
The government also said the power supply position between April and June during peak demand fell short by 5,295 MW.
As much as 4,000 MW power supply in Andhra Pradesh has been impacted by protests against the bifurcation of the state.
The board of state-run Coal India has agreed to renew the fuel supply pacts which the fuel major had entered into with the existing non-power consumers.
Oil Minister M Veerappa Moily today said he will move a note for the consideration of high powered ministerial group to change priority of allocation of the fuel as well as pooling price of imported and domestic gas.
Coal India's shift to charging on the basis of gross calorific value of coal will raise prices. But even the company does not know how much it will gain as a result.