LIVE MARKET TRACKER :   BSE SENSEX   31524.68      |    NSE NIFTY 9837.40    
GLOBAL MARKETS :  NASDAQ 6216.5269   -0.0866%    |    FSI London 7323.98   -0.86%    |    NIKKEI Japan 19470.41   -1.18%
  USD GBP EUR CAD AUD INR
USD - 0.7768 0.8503 1.2582 1.2608 64.1600
GBP 1.2876 - 1.0950 1.6199 1.6237 82.5945
EUR 1.1766 0.9137 - 1.4794 1.4823 75.4197
CAD 0.7956 0.6179 0.6762 - 1.0026 51.0500
AUD 0.7930 0.6171 0.6744 0.9989 - 50.9100
INR 0.0156 0.0121 0.0133 0.0196 0.0197 -
Indian-Commodity  :  Economy  :  CCEA gives green signal to new coal linkage policy for power plants

CCEA gives green signal to new coal linkage policy for power plants (18-May-2017)

In a big relief to the power sector, the Cabinet Committee on Economic Affairs (CCEA) has given its approval to long pending new coal linkage policy, for ensuring proper supply of the fuel to power plants through the reverse auction route. The coal linkage auction policy for power has been named 'Shakti' or a scheme to harness and allocate koyla (Coal) transparently in India. The move may ease stress on account of non-availability of linkages to power sector projects.

Shakti will help power producers ensure fuel supplies in an organised manner. The government's initiatives as well as international market conditions have helped bring down price of the dry fuel and boosted domestic production. But a mechanism was required for providing coal linkages to power plants at competitive rates. The new policy will address this concern and put in place a proper mechanism for sourcing of the dry fuel by the power plants as per their schedules.

The Coal Ministry in its statement has said that allocation of linkages for power sector shall be based on auction of linkages or through Power Purchase Agreement (PPA) based on competitive bidding of tariffs except for the state and the central power generating companies and the exceptions provided in Tariff Policy, 2016. It further said that Coal drawal will be permitted against valid long-term PPAs and to be concluded medium term PPAs. PPA is a contract between two parties, one which generates electricity and one which is looking to purchase it.

The Ministry added that as per the new policy, thermal power plants (TPPs) having Letter of Assurance (LoA) will be eligible to sign Fuel Supply Agreement (FSA) after ensuring that the plants are commissioned, respective milestones met, all specified conditions of the LoA fulfilled within specified timeframe and where nothing adverse is detected against the LoA holders and the TPPs are commissioned before March 31, 2022. TPPs, part of 78000 mw, which could not be commissioned by March 31, 2015, will now be eligible for coal drawal if the plants are commissioned before March 31, 2022.



Top News Today
TCS features as 'Leader and Star Performer' in Everest Group report
(19-Aug-2017)

TCS features as Tata Consultancy Services (TCS) has been recognized as a Leader and Star Performer for Life Sciences Clinical and R&D IT Services by leading advisory and research firm, Everest Group, in its report,......click on news to read complete article.

DEN Networks gets NCLT's nod for scheme of arrangement
(19-Aug-2017)

DEN Networks gets NCLTDEN Networks has received honourable National Company Law Tribunal's (NCLT) approval for Scheme of Arrangement for merger of 23 subsidiaries and demerger of one of the subsidiary with a Wholly Owned Subsidiary......click on news to read complete article.

Monte Carlo Fashions planning to launch fitness, fashion wear range
(19-Aug-2017)

Monte Carlo Fashions planning to launch fitness, fashion wear rangeMonte Carlo Fashions is planning to launch Fitness and Fashion wear range in the name of 'ROCK IT'. The basic idea behind it is to introduce garments having an ideal combination of fitness and fashion.......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.