Coal news and updates

CCEA relaxes 3-year tapering coal linkage policy

These power projects which were initially proposed to benefit from this relaxation were -Essar Power’s Mahan, Adani Power’s Tiroda project, Damodar Vally Corporation’s Mejia project, Gujarat State Electricity Board’s Ukai project and Mahagenco’s Parli project.

The Cabinet Committee of Economic Affairs (CCEA) today relaxed the coal tapering linkage policy thereby relaxing the coal supply to 9 power projects with investments worth about Rs 60,000 crore with capacity of 11,000 megawatt (MW). These power projects which were initially proposed to benefit from this relaxation were -Essar Power’s Mahan, Adani Power’s Tiroda project, Damodar Vally Corporation’s Mejia project, Gujarat State Electricity Board’s Ukai project and Mahagenco’s Parli project. These power plants already have got their own captive coal supply blocks, but because of environmental clearances and other issues these power blocks could not be developed and hence they wanted the government to ensure that coal supplies to these power projects continue for a period of six years instead of three years which is a current norm as per the tapering coal linkage policy.

Source: Moneycontrol