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Cabinet approves new coal linkage policy

Reuters  |  NEW DELHI 

(Reuters) - approved on Wednesday a new coal linkage policy to ensure all projects get adequate supply through a bid process or 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 generating companies will be granted fuel on the basis of recommendations by the 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 Business Standard staff and is auto-generated from a syndicated feed.)

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