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Cabinet approves new coal linkage policy

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India approved on Wednesday a new coal linkage policy to ensure all power projects get adequate supply through a bid process or power 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 power generating companies will be granted fuel on the basis of recommendations by the power 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 ...

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First Published: Wed, May 17 2017. 17:41 IST