Power plants holding longterm power purchase agreements with consumers have asked Coal India for a 12-month e-auction calendar, to help them plan operations better.
A company with power supply agreements has to supply power when the consumer demands, or they must face penalties.
But Coal India auctions depend on availability after making contracted supplies. Buyers from e-auctions want a more predictable supply. Power firms with supply contracts receive only 75% of the coal requirement from the miner. They need auctioned coal to meet their respective sale commitments. Read More…
Credit By : ET Energy World
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