NTPC goes back on demands, to sign fuel supply pacts with CIL
State-run NTPC has decided to sign fuel supply agreements (FSAs) with Coal India in a month, without any major change in the norms of draft FSAs.
Both firms decided to bury differences at a meeting in Kolkata on Monday between the chiefs of the public sector undertakings, S Narsing Rao of CIL and Arup Roy Choudhury of NTPC. “Both parties have discussed various issues. Many of the problems can be thrashed out and the FSAs can be signed in a month,” Roychoudhury said. Rao said the Kolkata-based coal major will not go for a change in the revised draft FSAs, cleared by its board in September. In January, a meeting will be held in this regard to sign FSAs.