Coal India Asked to Obtain Long-Term Coal Supply

Reuters reported that India’s government is pushing for long-term coal supply agreements to end power shortages.

As quoted in the market news:

It asked the world’s largest coal miner, state-run Coal India, to sign 20-year fuel supply deals with power projects that are due to be commissioned by 2015 and have an agreement with distribution utilities to sell power.

Click here to read the full Reuters report.