Business »  Topic »  Govt defines coal auction for power plants without PPAs

Govt defines coal auction for power plants without PPAs


The methodology paves the way for such units to apply for coal linkages, provided electricity produced from this coal is sold through spot power exchanges or through the government’s ‘DEEP’ portal, where bidding is conducted for bilateral short-term supply.

If it is found that a power plant has diverted this coal for other use, it will be barred from receiving coal through this policy for three years.

The Union power ministry has formulated a methodology for conducting coal auctions for power plants without sufficient power purchase agreements (PPAs). The methodology paves the way for such units to apply for ...


Read the full text financialexpress