NTPC, Singareni sign four key agreements for supply of 303.4 lakh tones of coal
Contract for supply of 67.5 lakh tones of coal per annum to Kudigi Thermal Center in Karnataka
Contract for supply of 28.2 lakh tones of coal to Maharashtra’s Solapur Thermal Power Station
Advance payments for coal supplied to Ramagundam plant
A total of 207.7 lakh tones of coal under contract has been agreed to be adjusted as per requirement for the three plants
Singareni Collieries Company Limited to NTPC. (National Thermal Power Corporation) four key agreements regarding supply of coal were signed at Central South India level on Monday.
Mr. K. Suryanarayana, General Manager Marketing of Singareni, and Mr. Debashish Chattopadhyay, Executive Director of NTPC South and Western Regional, signed these key agreements held at Singareni Bhavan, Hyderabad under the direction of Executive Director Cole Moment, Mr. J. Alvin, under the direction of CMD Mr. N. Sridhar.
The details of the agreement are as follows
Singareni company has signed an agreement to supply 67.5 lakh tones of coal per annum to the Kudigi 2×800 MW thermal power plant operated by NTPC in Karnataka state. This Agreement shall take effect immediately.
Also, another agreement was signed to supply 28.2 lakh tones of coal per annum to the 660 MW thermal power plant operated by NTPC at Solapur in Maharashtra increasing the previous coal supply agreement. Singareni officials disclosed that these contracts were executed on the orders of the Union Coal Ministry.
Another agreement for advance payments
Generally the payment is made after receiving the coal by the customers. Meanwhile, in the agreement held on Monday evening, NTPC signed another agreement with Singareni agreeing to advance payments for the coal supplied to their plant in Ramagundam.
NTPC receives about 85 to 90 lakh tones of coal every month to this plant. Officials revealed that this agreement can be beneficial for both parties.
According to the 4th agreement, flexi facility was agreed to allow NTPC to receive or divert the total 207.7 lakh tones of coal purchased from Singareni in the three plants operated by it to any plant as per its requirement.
Officials stated that the above agreements will also benefit Singareni and NTPC, and this is the first time that such agreements have been made in Singareni in addition to the energy supply agreements, and such agreements will benefit both parties in the changing market conditions.
Mr. N. Rajasekhar Rao, AGM Marketing from Singareni, DGM Mr. T. Srinivas, DGM Coal Momentum Mr. S. Sanjay, DGM Marketing Mr. Surendra Raju, Additional Manager Mr. Mahender Reddy, Executive Director Fuel Management Mr. Pradeep Kumar Mishra from NTPC and others participated in this program.