Benefiting private players twice over: first the allocations, now the FSAs
Greenpeace commissioned Equitorials, a financial research firm, to do an independent analysis of the financial impact of signing Fuel Supply Agreements(FSA) on Coal India Limited. This analysis is in the context of the Presidential Directive issued at the government’s behest to CIL, ordering it to sign FSAs with all power projects commissioned up to March 2015. This directive was obtained following CIL’s refusal to sign FSAs on the grounds that it would not be able to produce sufficient coal to meet the requirements of all plants expected to be commissioned by 2015.