We don't know, tomorrow what will happen in coal and power sector. Twenty years is a long time frame. Coal and power are very much required for the development of infrastructure in India; both at the same time under performing.
In this situation, if CIL is going for a 20 year long supply contract; that too below market prices; with it's not so efficient background; the company may continue under performing for a long time. Many power plants, which for the last a few years rising like plants just after the rain, is not at all in a good shape. They were not able to sell electricity to the discoms profitably. Discoms - its better nothing to say about this doomed ones. I don't know how long they will be able to bear the weight of their own debt burden and losses even with government support.
Finally the government; it will be better to find a genuine solution instead of pushing CIL towards the volcano about to burst.
1. Governemnt of India
2. Discom crisis and Indian power sector - Astitva, Search for an Identity
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