May 7, 2012 2:02 PM

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Govt to provide cheaper coal to power plants

The government today said it is committed for energy security in the country and to provide cheaper coal to the power plants.

Replying to supplementaries in the Rajya Sabha, Coal Minister Sriprakash Jaiswal said that Coal India will supply 80 per cent coal to all power plants who have signed Fuel Supply Agreements, FSAs with the company.

Mr.Jaiswal said that Coal India has since put in place the Modified Fuel Supply Agreements and circulated it to all coal supplying companies.

The minister also said supply of coal at notified prices to the Power and other major sectors is essential to keep the cost of power generation and manufacturing at reasonable levels.

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