CIL’s offer of 12MT coal for contract auctions inadequate, say power cos

CIL is offering fuel to plants without power purchase agreements (PPA) or coal supply pacts. Ten plants with a total capacity of 8 GW requiring 36-40 million tonnes are eligible. Power producers say the meagre supply will raise prices and help Coal India get a premium of Rs 500 crore but the supplier says it is making the best possible offer for the scarce resource.

from Energy-Industry-Economic Times https://ift.tt/2v8XZus