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.

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