Cabinet approves new coal linkage policy | Reuters

NEW DELHI India approved on Wednesday a new coal linkage policy to ensure all power projects get adequate supply through a bid process or power purchase agreements, to help debt-laden generators which have had to import coal despite adequate domestic stockpiles. Under the policy, state- and central government-owned power generating companies will be granted fuel on the basis of recommendations by the power ministry. Other companies will have to go through a bidding process, the government said in a statement

Reuters May 17, 2017 21:56:38 IST
Cabinet approves new coal linkage policy
| Reuters

Cabinet approves new coal linkage policy
 Reuters

NEW DELHI India approved on Wednesday a new coal linkage policy to ensure all power projects get adequate supply through a bid process or power purchase agreements, to help debt-laden generators which have had to import coal despite adequate domestic stockpiles.

Under the policy, state- and central government-owned power generating companies will be granted fuel on the basis of recommendations by the power ministry.

Other companies will have to go through a bidding process, the government said in a statement. (Reporting by Sudarshan Varadhan; Editing by Biju Dwarakanath)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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