CIL Floats First Tender To Supply Coal Under SHAKTI Scheme

CIL Floats First Tender To Supply Coal Under SHAKTI Scheme

Owned Coal India has floated the first tender operationalising SHAKTI scheme providing coal linkage to thermal power projects through the auction route.

According to the tender document, the bidders will have to submit their expression of interest by August 14, 2017, for seeking coal supplies.

Earlier in May this year, the Cabinet Committee on Economic Affairs had approved “fading away of the existing LoA-FSA regime and introduction of a new more transparent coal allocation policy for power sector, 2017-SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India).

The move is likely to ease stress on account of non- availability of linkages to power sector projects.Read More…

Credit By : ET Energy World

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