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SHAKTI coal linkage bidding: 10,000 MW of stressed units to get supply

The bidding was for power units with power purchase agreements (PPAs) but no long-term coal supply

Shreya Jai  |  New Delhi 

Shakti coal linkage bidding
Coal | Representative Image

The first bidding under the new scheme of the Centre, “SHAKTI scheme” to provide to private would see the revival of 10,000 MW worth of generating units of Adani Power, Lalitpur (Bajaj Hindustan), KSK Mahanadi, GMR Energy, among eight others. These power plants were listed as stressed assets as they were languishing for want of

The bidding which was concluded in September saw the entire offered amount contracted by the power developers. Leading private sector players to bid for the offered by state-owned India Ltd quoting discounts in their power tariff in range of 1-4 paise per unit. India board on Wednesday approved the quantity to be supplied under the SHAKTI scheme.

The bidding was for with power purchase agreements (PPAs) but no long-term supply. Under the new programme for allocating to - 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.

The total capacity which would receive is 10,082 MW and India executives said it would help generate 47 billion units per annum and a savings of Rs 126 crore every year to the consumers for 25 years.

First Published: Thu, December 21 2017. 16:01 IST