Coal India Ordered to Sign Fuel Accords With Power Utilities
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Coal India Ltd., the world’s largest producer of the commodity, was ordered by the government to sign fuel-supply agreements with power utilities to help increase electricity generation capacity and cut blackouts.
A presidential directive has been issued to the state-owned company to sign the accords, coal ministry spokesman N.C. Joshi said by telephone yesterday. Coal India missed a deadline for some agreements after its board disagreed on a penalty clause linked to a minimum supply level of 80 percent.