Cupboard approves Revised SHAKTI Coverage For Coal Allocation To Energy Sector


New Delhi: The Cupboard Committee on Financial Affairs chaired by Prime Minister Narendra Modi has authorized grant of contemporary coal linkages to Thermal Energy Crops of Central Sector/State Sector/ Unbiased Energy Producers (IPPs).  

Two home windows have been proposed underneath the Revised SHAKTI coverage: 1. Coal Linkage to Central Gencos/States at Notified value: Window–I; 2. Coal Linkage to all Gencos at a Premium above Notified value: Window–II 

Window-I (coal at notified value):

Current mechanism for grant of coal linkage to Central Sector Thermal Energy Tasks (TPPs) together with Joint Ventures (JVs) & their subsidiary will proceed.

Coal linkages to be earmarked to States and to an company approved by group of States as per current mechanism, on the advice of Ministry of Energy. Coal linkage earmarked to States could also be utilized by States in its personal Genco, Unbiased Energy Producers (IPPs) to be recognized by Tariff Based mostly Aggressive Bidding (TBCB) or current IPPs having Energy Buy Settlement (PPA) underneath Part 62 of the Electrical energy Act, 2003 for establishing of a brand new growth unit having PPA underneath Part 62.

Window-II (premium over notified value):

Any home coal-based energy producer having PPA or untied and in addition Imported coal-based energy crops (in the event that they so require) can safe coal on public sale foundation for a interval upto 12 months or for the interval of greater than 12 months upto 25 years by paying premium above the notified value and offering the facility crops the pliability to promote the electrical energy as per their alternative.

Implementation technique:

Instructions could be issued to Coal India Restricted (CIL)/ Singareni Collieries Firm Restricted (SCCL) for implementation of the aforesaid choices. In addition to, the involved Ministries and all of the States shall even be apprised of the revised SHAKTI Coverage for additional dissemination to the involved Departments / Authorities and in addition to the Regulatory Commissions.

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