Single FSA for both public, private power producers: Jaiswal

Syndicated from IANS | Published on Sat, Dec 22 2012 18:00 IST | 4 Views | Add comment
Kolkata, Dec 22

Coal Minister Sriprakash Jaiswal Saturday said there would a single fuel supply agreement (FSA) draft for both public and private power producers and the pacts between these companies and Coal India (CIL) would be signed within a month's time.

"Now there will be only one single FSA for both private and public parties...power companies have agreed to sign it within a month," Jaiswal told media persons on the sidelines of "World Confluence of Humanity, Power & Spirituality" here.

Private power companies had earlier raised concerns over some FSA clauses, such as security deposits and settlement of disputes, and claimed that they were in favour of state-run power companies.

The union government, however, Friday declared that most of the contentions issues pertaining to FSAs had been resolved after a meeting between Jaiswal and Power Minister Jyotiraditya Scindia in Delhi.

On the proposed coal regulator, Jaiswal said the group of ministers (GoMS) would meet in the next few days to finalise the draft of coal regulator bill.

The union cabinet in May this year discussed the proposal for a coal regulator and asked the GoMs, headed by Finance Minister P. Chidambaram, to make recommendations about its powers and functions.

An independent regulation of the coal sector is considered important for competitiveness of e-auction, fixing guidelines for price revision in supply pacts, fixing trading margins and increasing transparency in allocation of reserves.

Add Your Comment

Enter your name and email below and post your comment.

Enable Images

Visitor Comments

There are no comments. Be the first one to add a comment.