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Govt asks power firms to sign FSAs within a month

Govt asks power firms to sign FSAs within a month
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One month deadline has been given to the public sector power companies to sign fuel supply agreements (FSAs) with Coal India (CIL). The deadline has been set up by the Prime MinisterÂ’s Office (PMO) on December 17. The PSUs include NTPC and it they fail to meet the deadline the FSAs would be withdrawn, the PMO has warned.

Sources told a leading news agency that the PMO has asked Power Ministry to direct power PSUs to sign fuel supply agreements (FSAs) with CIL within a month from December 17.

The direction from the PMO came during a meeting held under the Chairmanship of Principal Secretary to Prime Minister Pulok Chatterjee. Recently, NTPC Chairman and Managing Director Arup Roy Choudhury had said that the quality of coal that NTPC received from Coal India is poor and it has informed the Power Ministry about that.

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