India’s largest energy producing firm (genco) NTPC Limited has awarded a number of coal import contracts for six.25 million tonne (MT) to Adani Enterprises at a cumulative worth of Rs 6,585 crore. The state-owned genco is importing coal to meet the latest directive of the Ministry of Power to mix 10 per cent imported coal so as to deal with home coal scarcity.
The firm positioned six completely different tenders and acquired technical bids from 4 gamers – Ahmedabad based mostly Adi Tradelink, Chennai-based Chettinad Logistics, and Delhi-based Mohit Minerals Ltd together with Adani Enterprises.
In March, when the coal disaster erupted, NTPC had issued 5 tenders for importing 5.75 MT of coal, and all of the contracts went to Adani Enterprises. The cumulative quantity of those tenders was Rs 8,422 crore. The technical degree bidders had been the identical one as within the newest spherical.
Company executives had earlier mentioned that the imported coal would come from Indonesia and NTPC shouldn’t be trying to import from Australia. Adani owns and operates Carmichael coal mine in Australia with a capability of 10 MT every year.
NTPC is within the strategy of inserting orders for shut to 20 MT of imported coal to meet the federal government stipulated mixing goal of 10 per cent. A senior firm government instructed this paper, 2.5 MT of imported coal has arrived at NTPC’s crops and 1.6 MT is on the ports. “The firm has positioned an order for 10 MT and would quickly go for the Board’s approval for putting an order for one more 5 MT,” mentioned the particular person.
This paper just lately reported NTPC would see its gas value go up to Rs 7-8 per unit from importing coal as in opposition to Rs 2 per unit from shopping for home coal from nationwide miner Coal India Limited (CIL). Senior officers mentioned this is able to enhance the ultimate electrical energy tariff of NTPC by 50-70 paisa which might be handed on to shoppers.
Coal value within the world market is at the moment 5 occasions the CIL notified coal costs. The imported coal can be utilized in a number of stations of NTPC, even those nearer to a coal mine reminiscent of Talcher, Farakka and Kahalgaon.
Acknowledging that home coal inventory shouldn’t be sufficient to meet the facility demand within the nation, the Centre two weeks again directed all states and energy producing corporations to import coal earlier than the monsoon units in. The Ministry of Coal has, nevertheless, maintained that there’s sufficient inventory within the nation and gencos ought to fill up upfront.