CIL allows surplus power sale in open market
2
Kolkata: In a major policy shift, Coal India Limited (CIL) cleared the decks for un-requisitioned surplus (URS) power generated by thermal power plants that use CIL's linkage coal under long and medium-term fuel supply agreements (FSAs) to be sold in the power market and exchanges from Aug 1.
Earlier, thermal power producers serving power purchase agreements (PPAs) using CIL's linkage coal could sell the electricity generated only within the confines of PPAs, as provisions disallowed the sale of power generated from long and medium-term FSAs in the power market and exchanges.
Experts feel this will help independent power producers (IPP). CIL stated that in the spirit of the revised Shakti policy, it has done away with the earlier provision of restricting the sale of power in the open market.
This applies evenly to all existing as well as future long- and medium-term power FSAs and extends to all power generators.
You Can Also Check:
Kolkata AQI
|
Weather in Kolkata
|
Bank Holidays in Kolkata
|
Public Holidays in Kolkata
"We have been cementing our relations with consumers consistently, and the policy facilitates the power sector to meet the consistent demand for affordable power," said a senior official of the company. With the surplus power availability in the exchanges, ideally, spot prices will remain in check.
Stay updated with the latest local news from your
city
on
Times of India
(TOI). Check upcoming
bank holidays
,
public holidays
, and current
gold rates
and s
ilver prices
in your area.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
7 hours ago
- Time of India
Financial Freedom: At Independence Day, Karnataka to showcase success stories of flagship schemes
Bengaluru: State govt will showcase its flagship welfare initiatives—the five guarantee schemes—under the theme of Financial Freedom at the Independence Day celebrations at Field Marshal Sam Manekshaw Parade Ground on Friday. A special presentation will highlight how the schemes—Shakti (free bus travel for women), Gruha Jyothi Scheme (power bill subsidies), Gruha Lakshmi (financial aid for women heads of households), Yuva Nidhi (unemployment allowance for youth), and Anna Bhagya (free rice distribution)—have transformed lives across the state, said Bengaluru urban deputy commissioner G Jagadeesha. "Karnataka now has the highest per-capita income in the country. We want to depict how these schemes have contributed to that achievement," he said while briefing reporters on Wednesday. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru | Gold Rates Today in Bengaluru | Silver Rates Today in Bengaluru A cultural programme inspired by the concept of Financial Freedom will be performed by National Service Scheme volunteers from city's PU colleges, right after the ceremonial parade. The post-parade line-up will also include a police band performance and a student-led tribute to Karnataka's women freedom fighters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo BBMP chief commissioner Maheshwar Rao said engineering teams are working to ensure the parade ground remains ready for march-past despite rain. "Chief minister Siddaramaiah will hoist the national flag at 9am and inspect the parade in a jeep," he said. Seating for 8,000 people, along with drinking water and toilet facilities, has been arranged, he added. People can enter through Gate 5 (near Manipal Centre) and will be seated in blocks 7, 8 and 9. On security, Bengaluru city police commissioner Seemanth Kumar Singh said around 2,000 personnel will be deployed on I-Day in and around the parade ground. "There are already about 500 CCTV cameras in the vicinity, and 100 more will be installed for the event," he said. People must arrive well in advance so that security checks can be completed in time, he added. Thirty contingents are set to march in the parade. This will include groups from BSF, Karnataka police, Goa police, fire services, National Cadet Corps, civil defence, scouts and guides as well as students from nine Bengaluru schools. INSET 1: Get your e-pass for parade For the first time, e-pass has been introduced for attending I-Day celebrations. A total of 3,000 e-passes with QR codes will be issued on first-come, first-served basis. People need to register on Karnataka Seva Sindhu portal with Aadhaar number. They can present digital or self-printed version of the pass at the venue. INSET 2: What not to carry to I-Day event Attendees are not allowed to carry cigarettes, match boxes, pamphlets, cameras, sharp objects like knives, food items, water bottles, liquor, narcotics, weapons, black handkerchiefs and coloured liquids to the venue. INSET 3: Traffic curbs to watch out for From 8am to 11am, movement of vehicles will be prohibited on Cubbon Road (between BRV junction and Kamaraj road junction). Parking of vehicles is prohibited on Central Street (from Anil Kumble Circle to Shivajinagar bus stand), Cubbon Road (from CTO circle to Kamaraj Road junction) and on MG Road (from Anil Kumble circle to Queen's circle). Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
6 days ago
- Time of India
Adani Power to build $3 bn thermal plant in Bihar after winning 2,274 MW supply contract
Adani Power Ltd . on Thursday announced that the company has secured a Letter of Intent (LoI) from Bihar State Power Generation Company Ltd . (BSPGCL) to develop and supply 2,274 MW of electricity to the state from a proposed 2,400 MW thermal power project in Bhagalpur district. The said plant will be set up in Pirpainti village at an investment of around $3 billion, the company said. The power will be distributed to North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL), the company said in a statement on Thursday. The LoI was issued following a bidding process, where Adani Power said it emerged as the lowest bidder with a final supply tariff of Rs 6.075 per KWh. The electricity will be sourced from a greenfield 3x800 MW Ultra-supercritical thermal plant to be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model. 'We are pleased to have won the bid to develop and operate a 2,400 MW thermal power project in Bihar. We will set up a new greenfield plant with an investment of ~$3 billion, which is expected to further aid industrialization in the state. Our plant will be an advanced, low-emission Ultra-supercritical one, and will supply dependable, competitively priced, and high-quality power to the state,' said S.B. Khyalia, Chief Executive Officer of Adani Power. The first unit of the project is scheduled to be commissioned within 48 months of the appointed date, with the final unit coming online within 60 months. Fuel for the power plant will be supplied through a coal linkage granted under the Government of India's SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy. According to Adani Power, the project will generate an estimated 10,000–12,000 jobs during the construction phase and approximately 3,000 jobs once the plant is operational. The company expects to receive the formal Letter of Award (LoA) soon, after which a Power Supply Agreement (PSA) will be signed with the state utilities.
Time of India
6 days ago
- Time of India
CIL allows surplus power sale in open market
1 2 Kolkata: In a major policy shift, Coal India Limited (CIL) cleared the decks for un-requisitioned surplus (URS) power generated by thermal power plants that use CIL's linkage coal under long and medium-term fuel supply agreements (FSAs) to be sold in the power market and exchanges from Aug 1. Earlier, thermal power producers serving power purchase agreements (PPAs) using CIL's linkage coal could sell the electricity generated only within the confines of PPAs, as provisions disallowed the sale of power generated from long and medium-term FSAs in the power market and exchanges. Experts feel this will help independent power producers (IPP). CIL stated that in the spirit of the revised Shakti policy, it has done away with the earlier provision of restricting the sale of power in the open market. This applies evenly to all existing as well as future long- and medium-term power FSAs and extends to all power generators. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata "We have been cementing our relations with consumers consistently, and the policy facilitates the power sector to meet the consistent demand for affordable power," said a senior official of the company. With the surplus power availability in the exchanges, ideally, spot prices will remain in check. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and s ilver prices in your area.
