Anil Ambani-led Reliance Power has approached the Delhi High Court seeking early allocation of coal to its power plant in Maharashtra. The company has made the ministries of coal and power, Central Electricity Authority and Coal India respondents to the case. The company did not respond to an email sent by ET.
Reliance Power had in 2008 obtained a letter promising allocation of 1.23 million tonnes of coal for unit one of 300 MW of the Butibori power plant from Coal India. Unit two of the project has fuel supply agreement with Coal India. The plant has a long-term power purchase agreement with group firm Reliance Infrastructure that supplies power to Mumbai city.
The letter of allocation (LoA) was awarded to unit one of Butibori plant through the erstwhile screening committee route, a senior coal ministry official said. “The plant was a captive power plant at that time and was supposed to meet certain milestones to get the coal supply started. Later on the company converted the plant to an independent power plant. Read More…
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