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Veerappa Moily calls meeting on fuel supply agreement issues on Oct 16

Veerappa Moily calls meeting on fuel supply agreement issues on Oct 16

Power Minister Veerappa Moily on Friday said issues related to signing of fuel supply agreements with Coal India would be sorted out soon and no coal-based power project would face fuel shortage.

Power Minister Veerappa Moily Power Minister Veerappa Moily
Power Minister Veerappa Moily on Friday said issues related to signing of fuel supply agreements (FSA) with Coal India would be sorted out soon and no coal-based power project would face fuel shortage in the 12th Five-Year Plan (2012-2017).

The minister said he would convene a meeting on October 16 with the coal minister to sort out issues with regard to FSAs with Coal India. Senior officials of both power and coal ministries would be present at the meeting.

"I am holding a meeting with Coal Minister and senior officials of both the ministries on October 16. We will sort out all the issues. I can assure you no project will suffer for want of fuel (coal) in the 12th plan," Moily said after laying foundation stone of the 756 KV Raichur-Solapur Transmission System being set up by Power Grid Corporation in Raichur (Karnataka) at a cost of Rs 1,930 crore.

He informed that the work on the transmission system will commence immediately and it will be ready by December 2013, which would make it possible to transmit power from the Northern grid to Southern grid.

"Power projects aggregating as much 92,000 mw are under various stages of construction in the country. Whichever project is ready for commissioning, we are ready to get FSA for the project," the minister added.

With inputs from PTI