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CIL: Coal India floats first tender to import 24.16 lakh tonnes of coal for power sector

New Delhi | Coal India Restricted (CIL) has floated the primary tender for importing 24.16 lakh tonnes of coal to make sure satisfactory provide of gasoline to energy crops within the nation. The event assumes significance within the wake of the federal government making all-out efforts to construct up coal reserves to keep away from a repeat of the ability cuts brought on by fossil gasoline shortages in April.

“For the first time, Coal India Limited (CIL) on Wednesday floated an international competitive bidding e-tender, inviting bids for import of 24.16 lakh tonnes of coal,” the corporate mentioned in a press release. And coal is being sourced from Impartial Energy Vegetation (IPPs), primarily based on the demand acquired from them.

The demand is for the July-September interval of the present monetary yr 2022-23, the assertion mentioned. Nonetheless, import of coal is a brand new job for CIL. The corporate has finalized and floated the tender on battle footing inside per week of receiving indents from seven state gencos and 19 IPPs. Coal might be procured from any nation underneath the present short-term tender for import of dry gasoline for the second quarter of the present monetary yr.

At a time when demand for coal is highest, the Heart designated the agency ‘Mahar’ as a centralized company to enhance coal provides to Gencos and IPP by means of dry-fuel imports. The corporate’s board had final week given its nod to the general public sector entity to drift two worldwide tenders – quick time period and medium time period – for extraction of coal from overseas.

The final date for receipt of bids is June 29.
CIL mentioned there’s an choice for a pre-tender assembly on June 14 to hunt clarifications on any specifics of the tender. The profitable company chosen by means of the bidding course of will provide coal to the ability crops of Genco and IPP.
The federal government had earlier directed CIL to be able to import 12 million tonnes of coal for energy utilities for the subsequent 13 months.

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