SHAKTI coal auction: Govt revises guidelines to improve coal supply
The scheme SHAKTI was launched in 2018 to cater for the stressed coal power units which have a shortage of coal.
In a meeting with the Association of Power Producers (APP) and the MoP, the representative body for the private gencos agreed on three separate window auctions for three months, six months, and one year.
According to a statement, to make coal available for a longer time, MoP will look into the duration of the auction, whether it can be extended further than one year. The Issue of the Bank Guarantee will also be examined if the time is extended beyond one year.
Earlier, a nearly 9,389 MW power capacity bid was held under the SHAKTI scheme. In February, private power firms had alleged that Coal India was offering less coal than needed.
In the bidding for medium-term PPAs for assets that do not have PPAs, around six projects received interest from four states to buy power at Rs 4.24 per unit for three years.
The MoP has asked private gencos to cooperate with the Centre-owned gencos when power is restricted to defaulting states. As per the statement, MoP suggested Internet Printing Protocols (IPPs) on a reciprocal basis not to derail the power regulation by the Central Gencos in case of the payment of dues by discoms.
APP to amend the Mega Power Policy, which MoP has taken up through inter-ministerial consultation.
The mega power policy is valid for projects over 1,000 MW of power, which was to expire on 31 March 2017. The Cabinet Committee on Economic Affairs (CCEA) extended it for five years and doubled the period to get the mega power certificate.
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