Says Coal India is ready to sign at 80% trigger level, with 15% imported coal on cost-plus model

The Coal Ministry today said it expects power utilities to sign fuel supply agreements (FSAs) with state-run Coal India (CIL) by November-end. "It is expected that power utilities will sign FSAs by the end of November, 2012. CIL is ready to sign FSAs with 80 per cent trigger level. This would comprise 15 per cent imported coal on cost plus model for this year," Coal Minister Sriprakash Jaiswal told reporters here.