The government is planning a major change in the power purchase norms to help stressed plants get coal supplies and start generation as the revised sales pact will make it more attractive for distribution companies to buy electricity from them.
Norms are likely to be tweaked to remove contractual requirement for the buyer to pay a fixed cost to the plant even if no power is purchased.
This is expected to encourage distribution companies to float tenders for electricity supply and sign new PPAs, which in turn will help the stranded power stations get fuel supply from Coal India. Read More…
Credit By: ET
Latest posts by The Economic Times (see all)
- Commodity Outlook: Natural gas heads to a narrow range - July 23, 2018
- This Rs 8,000-crore Solar Scheme May Help Indian Firms Boost Manufacturing - July 23, 2018
- Oil PSUsSpend 20% Of Annual Capex In Q1 - July 23, 2018