News Update
Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.
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| India: Coal India inks FSAs with 13 power units so far |
| The Hindu Business Line, 8 May 2012 |
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Coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power’s Rosa Power project, while some have refused to sign it objecting the penalty clause. The development comes close on the heels of power sector planning body Central Electricity Authority (CEA) seeking PMO’s intervention on fuel supply agreements (FSAs) as a few firms have refrained from entering into pacts with CIL amid differences over penalty to be paid by the coal behemoth if it fails to supply 80 per cent of the contracted fuel to them
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