Coal India Ltd (CIL) on Friday launched two international tenders to procure 6 million tonnes of dry fuel to shore up supplies as a surge in power demand due to extreme heatwave conditions weighed on coal supplies from thermal power plants.
“Under the government’s direction, there is an urgent need to shore up the coal stocks of local coal power plants, Coal India Limited (CIL) on Friday conducted two international competitive electronic tenders of 3 million tonnes each to procure coal from abroad” A statement issued by the company said.
It further stated that the tender was for thermal grade coal of 5,000 GAR (gross received) quality. The two mid-term tenders for a total of 6 million tonnes of coal have the option to increase the number of bids to 12 million tonnes.
With the release of these tenders today, CIL has now conducted two back-to-back international competitive bids in record time and on a set schedule in accordance with government regulations.
“For the first time ever, Coal India Ltd on Wednesday launched an electronic tender for an international competitive tender seeking bids for 2.416 million tonnes of coal,” the company said in a statement on Thursday (June 9). bids for imports.”
CIL has been forced to seek additional dry fuel supplies as coal-fired power plants across the country have been running out of their regulated coal quotas.
Earlier this week, Power Minister RK Singh had said the country needs to boost coal production to meet growing demand. (Also read: Power minister says coal production needs to increase to meet growing demand)
The standard coal stock of 165 thermal power stations across the country is less than one third.