Two days after Coal India Ltd (CIL), the world’s largest coal producer, entered into fuel supply agreements (FSAs) with 27 power companies, some power producers, including Maharashtra State Power Generation Co Ltd (Mahagenco), on Wednesday raised objections against some terms of the pacts.
Mahagenco, one of the largest power producers in the country, has sent a communication to CIL, demanding some provisions in the FSA, mainly the penalty clause, be revisited. The company further said the draft FSA, in its present format, took care of only CIL’s interests.