has emerged as the lowest bidder in Coal India’s first coal import tender floated on behalf of power generation companies, people aware of the details said. Adani Enterprises quoted Rs 4,033 crore for the supply of 2.416 million tonnes (mt) of coal on a freight-on-road (FOR) basis. Mohit Minerals was next with a Rs 4,182 crore bid, followed by Chettinad Logistics at Rs 4,222 crore. The bids were opened on Friday. This imported coal will go to seven state generating companies and 19 private power plants.
has bagged multiple coal import contracts from between January and June. The Adani Group in December last year shipped out the first consignment of coal from its Carmichael mines in Queensland, Australia. Industry insiders said it is also eyeing Coal India’s two e-tenders totalling 6 mt, for which bids have to be submitted by Tuesday.
“The bids received are being looked into and will require approval from Coal India’s board,” a government official said.
() and Adani Enterprises did not offer any comment.
CIL had earlier said a total of 11 importers and some overseas traders had evinced interest in the pre-bid meeting.
The government is looking at imported coal to build adequate stocks at power plants before monsoon rain hits coal mining and supply decreases. India’s power demand peaks post-monsoon due to high agricultural consumption and warm weather conditions.
The latest data available from the Central Electricity Authority showed thermal power plants had 26.8 million tonnes of coal stock. The plants will blend this with domestic coal. The government has asked all power plants to import 10% of their coal requirement.
CIL will import coal on behalf of power plants to augment coal supplies at power plants. Coal stocks with power plants dwindled quickly over the summer as electricity demand hit a record high amid persistently high temperatures.
After price discovery through bids, CIL will execute a contract with the successful bidder and also enter into a back-to-back agreement with state gencos and independent power producers (IPPs) receiving the imported coal. The coal imported will be routed through nine ports located on the east and west coast of the country. The selected agency will deliver coal at the doorstep of the power plants of state gencos and IPPs.