Power producers participating in Shakti, the auction for long term coal supply contracts, offered to reduce their power supply tariffs by 4 paise per unit on the higher side and 1 paise per unit on the lower side.
Ten power companies with a total generation capacity of around 9,000 mw have participated on Day-1 of Shakti – the auctions for offering long term contract to power companies.
The power ministry will next month unveil new norms for medium-term (5-7 years) power purchase agreement with an aim to revive commissioned stressed coalbased capacities worth Rs 1.44 lakh crore.
Union minister of Power, Coal and Mines Piyush Goyal on Thursday Informed The Parliament About SHAKTI – The Policy On Transparent Coal Allocations
Data on different sources of coal and its quality to be offered under the Shakti scheme for the reverse auction for private generators