Coal News We love to talk!

SEP 14 2016

Get coal for power plant via auction, panel tells GVK

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 14th SEP 2016

 

An inter-ministerial panel on coal linkages has asked GVK to obtain fossil fuel through special forward e-auction for its 540-mw thermal power project near Goindwal Sahib in Punjab.

“The Standing Linkage Committee (long-term) clarified that the MoU (memorandum of understanding) for coal supply was valid till June 30, 2016 and this would not be extended,” an official said. The project proponent was advised to obtain coal through special forward e-auction route, the official added.

“The project proponent (PP) had earlier informed… that the plant — 2×270 mw GVK Power (Govindwal Sahib) — has been commissioned, but there was no coal available for plant. It was also informed that 100 per cent power was sold to PSPCL (Punjab State Power Corporation Ltd) through a long-term PPA (power purchase agreement),” the official said.

The PP had requested for a coal linkage for the plant as the asset was lying idle for want of coal. GVK Power had stated that it has achieved plant COD (commercial-operation-date) and PSPCL has accepted the same for Unit 1 with effect from April 6 and for unit 2 from April 16.

The official said unit 1 started commercial operation on April 16, but could not sustain the continuity of operation beyond April 22 due to non-availability of coal as their Tokisud North captive coal mine was cancelled by the government.

 

Tags

Punjab Captive Captive Coal Coal Power Purchase Agreement Thermal Power Project Memorandum Of Understanding Fossil Fuel Power coal linkages CAPTIVE PUNJAB

Related News

  • Adani Group commissions 50 Megawatt solar power plant in UP  Read more
  • South’s power woes to continuedespite new link  Read more
  • CERC relief prompts other discoms to seek tariff hike  Read more
  • `Foreign tech to upgrade CIL soon'  Read more
  • Power generation stopped in Kudankulam unit-2 due to snag  Read more
  • IPL Provisional MYT Order for FY 2013-14 to FY 2015-16  Read more
  • Adani to set up countrys largest solar park of 10,000 MW in Rajasthan  Read more
  • Coal India to appoint consultant for Rs 10K cr power plant in Odisha  Read more
  • D6 gas: Panel to review allocation today  Read more
  • Indias affordable LED bulbs all set to light up London city; Piyush Goyal to launch Ujala scheme during UK visit  Read more