CIL to conduct auctions under SHAKTI for coal supply contracts with IPPs

CIL is planning to conduct auctions under the new coal linkage policy, SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) for entering into long-term coal supply contracts with IPPs having about 12,000 MW of generation capacity. These IPPs have long-term power purchase agreements (PPAs) with state distribution companies but do not have coal supply agreements. The auction is likely to be conducted by MSTC Limited in the first week of August 2017. The auction will be based on discount on existing PPA-determined tariffs offered by power producers to the distribution companies.

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