CIL approves award of contracts under SHAKTI’s first auction

Coal India Limited has given its approval to award coal contracts to the 10 power plants that won supply contracts in the first round of the Scheme for Harnessing and Allocating Koyla Transparently in India (SHAKTI) auction held in September 2017. The companies that will receive coal supplies include Adani Power Limited, GMR Energy Limited and KSK Energy Ventures Limited. In the first round of the auction, coal linkages for 27.18 million tonnes were booked, which is expected to result in an annual generation of 47 billion units per annum.

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