Coal scheme gives revival push to GMR, Adani, GVK plants

For the next round of SHAKTI, state governments have to indicate the coal requirement for which power plants may bid

The first round of bidding under the central government's SHAKTI scheme for providing coal to private power units would see revival of 10,000 Mw of generation capacity, it is estimated.

Among the companies to benefit are Adani Power, Lalitpur (Bajaj Hindustan), KSK Mahanadi, GMR Energy and GVK. These stressed assets had a locked investment of at least Rs 40,000 crore. 

On Wednesday, state-owned Coal India (CIL) approved the  supply after bidding conducted in September. Leading private sector entities had bid by quoting discounts in their power supply rates of one to four paise a unit (kilowatt hour), in return for cheaper coal