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First coal bidding under SHAKTI a success, quantity on offer sold out

Ten private power producers offer discounts in power tariff of 1-4 paise a unit in order to secure coal supply

Shreya Jai  |  New Delhi 

coal

The new scheme of the Centre to provide to private power units saw the entire offered amount contracted by the power developers. Leading private sector players bid for the offered by state-owned India Limited quoting discounts in their power tariff in range of 1-4 paise per unit.

The bidding was for power units with (PPAs) but no long-term supply. Under the new programme for allocating to power units -- Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI) -- India offered assured supply to units through bidding. The units had to quote the discount in their power tariffs that they would offer after getting cheaper from the company.

The total quantity booked was 27.8 million tonnes of Close to 9.2 million tonnes of saw discount bidding of 2 paisa, followed by 3 paisa discount quoted for 9.08 million tonnes. Major players which participated in the bidding were Adani Power, GVK Power, Bajaj Hindustan, and Officials said all the 10 players which were participated in the bidding would get supply in range of 70-80 per cent of their demand.

The total power generation capacity which would receive is 9,000 Mw and India executives said it would help generate 47 billion units per annum and a savings of Rs 125 crore every year to the consumers for 25 years.

India did not disclose the plant wise allocation of

First Published: Thu, September 14 2017. 04:01 IST
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