State-run power generating companies will now have the flexibility to swap their coal supplies and divert them to more efficient power plants.
Coal India last week signed agreements for aggregation of contracted quantity of coal with state and central power generating companies for flexible movement of coal that would help reduce the cost of power generation, a senior company official said.
The move will allow all coal linkages given to plants of state and central utilities like NTPC to be combined.
“Till April 13, supplementary agreement has been signed for 368 million tonnes of coal of the total contracted capacity of 402 million tonnes with state and central power generation firms,” the official said, adding that the balance agreements are expected to be signed within a few days. Read more
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