Power companies to get coal via e-auction-Coal Ministry
Capital Market
The Power plants hitherto getting coal through MoU route (the 4660 MW category, similarly placed plants & plants having erstwhile tapering linkage) may take the coal being made available through the process of special forward e-auction of coal for power sector (under which Coal India (CIL) is making arrangements for conduct of forward e-auction of coal exclusively for power sector on a sustained basis, offering adequate quantities at regular intervals so that coal is made available to such power plants on regular basis).
Meanwhile, in order to ensure that there is no disruption in coal availability to these plants, the MoU with above stipulated plants which expired on 31 March 2016, shall have its term extended not beyond 30 June 2016 so as to facilitate smooth transition to the special forward e-auction system of CIL.
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