Union cabinet approves new coal linkage policy

By Rob 0

New Delhi: India’s Union cabinet approved on Wednesday a new coal linkage policy to ensure all power projects get adequate supply through a bid process or power purchase agreements, to help debt-laden generators which have had to import coal despite adequate domestic stockpiles.

Under the policy, state- and central government-owned power generating companies will be granted fuel on the basis of recommendations by the power ministry.

Other companies will have to go through a bidding process, the government said in a statement. Reuters

First Published: Wed, May 17 2017. 06 09 PM IST

[Source: livemint.com]