Power plants seek Coal India’s e-auction calendar

974 times viewed
Source: The Economic Times
Friday, June 23, 2017

 KOLKATA: 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. 

“On account of adhocism of the auction process, power producers are finding it difficult to plan long term procurement of coal under the scheme with regard to yearly generation targets and schedules, while Coal India maintains that sufficient coal is available with them to meet the requirement of all sectors,” said Ashok Khurana, director general of the Association of Power Producers, in a letter written to Coal India. 
The government’s policy for e-auction, offers coal dedicatedly for private power generation.  


By JimmiXzSqc

By JimmiNil

Post Your Comment:


Also Read:


Coal India raises thermal coal prices by 9%


Coal to add Rs 95,000 crore to government coffers by 2020


CIL revenue from e-auction may surge 23% in April - December


Hindustan Copper Limited re-opens Kendadih copper mine


Adani's $3.5 billion debt-funded 'investment' in Australia at risk: Report


Coal India, arms set up control rooms to track coal stocks with power plants


Growth in coal use falls in last 10 yrs as India eyes Paris goal


Coal India's April-July output at 155 mt, misses target by 13 mt


Coal India's e-auction of coal sales up by 32 per cent in Q1


KPMG to ready Vision 2030 for Coal India

Home | Recent News | Privacy Policy | Disclaimer | Feedback | Sitemap | Contact Us

© Copyright Power Hub 2012-2014, All rights reserved.