Setting a precedent, the Gujarat government has issued a tender for power developers to receive cheap coal marked for the state in return for selling coal-based power at less than Rs 2.82 a unit.

Through the auction, Gujarat will transfer the coal allocated to power generating stations owned by Gujarat State Electricity Corporation (GSECL) to more fuel-efficient private power plants. everse auction would be held in September for procuring 1,000 megawatt (Mw) of power. Successful power plant would be selling electricity to the state from October 1 to June 30, 2018.

http://www.business-standard.com/article/economy-policy/gujarat-first-state-to-implement-coal-utilisation-between-power-units-117080801024_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *