National miner Coal India Ltd (CIL) has lifted all restrictions on the amount of coal that power generation units can procure, allowing power plants with fuel supply agreements (FSA) to acquire as much fossil fuel as they need.
This marks a shift from the previous system, where CIL supplied coal based on the annual contracted quantity (ACQ) agreed upon with each power plant.
In a statement released on Tuesday, the company announced: "CIL has paved the way for allowing supplies beyond ACQ to thermal power plants of the country, including independent power plants (IPPS) or privately owned units.
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