Latest news with #SchemeforHarnessingandAllocatingKoyalaTransparentlyinIndia
Time of India
2 days ago
- Business
- 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.
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Business Standard
3 days ago
- Business
- Business Standard
Coal India allows thermal plants to trade surplus power in open market
State-run Coal India Limited (CIL) on Thursday announced that thermal power plants using its linkage coal under long- and medium-term fuel supply agreements (FSAs) are now allowed to sell un-requisitioned surplus (URS) power on power exchanges and in the open market. Earlier, the sale of power generated through such FSAs was confined to power purchase agreements (PPAs). Under the previous policy framework, electricity produced using CIL's linkage coal could not be traded in the open market, regardless of whether it was surplus to the PPA requirements, the coal mining major said in a BSE filing. 'In the spirit of the revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy, CIL 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 the power generators - Central and State Gencos, independent power plants,' the company said in its statement. A senior CIL officer said, the policy facilitates the power sector to meet consistent demand for affordable power. 'With the surplus power availability in the exchanges, ideally, the spot prices will be in check, leading to affordable power to all,' the company mentioned. Coal India Q1 results Coal India posted a consolidated net profit of ₹8,743 crore for the first quarter of the financial year 2025-26 (Q1 FY26), marking a 20.2 per cent year-on-year decline from ₹10,959 crore recorded in the corresponding period of the previous financial year. Revenue from operations also saw a decrease, falling 4.4 per cent to ₹35,842 crore in the April–June period, down from ₹37,504 crore in Q1FY25. Operating profitability weakened as well, with EBITDA dropping 12.4 per cent to ₹14,282 crore from ₹16,309 crore a year ago. Shares of Coal India closed at ₹379.5 apiece on the BSE on Thursday.
Time of India
23-07-2025
- Business
- Time of India
Centre revises coal sale policies to boost transparency, Telangana to benefit: Kishan
Hyderabad: Union coal minister G Kishan Reddy on Wednesday said the Centre is implementing a range of coal sale and distribution policies aimed at promoting fair trade, ease of doing business, and equitable coal allocation across industries. A revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy-2025 now governs all new coal linkages in the power sector, he said. Responding to questions in the Lok Sabha from Warangal Congress MP Kadiyam Kavya, who sought clarity on Singareni Collieries Company Limited's coal sale policies for public and private sectors, the minister elaborated on the measures adopted to ensure transparency and equitable benefit for Telangana. Kishan Reddy said that SCCL follows several key policy frameworks, including the SHAKTI Policy, the non-regulated sector linkage auction policy, the new coal distribution policy, and the bridge linkage policy. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad He told the House that these policies have boosted transparency, spurred industrial activity, created jobs, and significantly increased royalty and tax revenues—all contributing to Telangana's economic development.
The Hindu
18-06-2025
- Business
- The Hindu
Coal linkage: KSERC nod for changes in bidding papers
The Kerala State Electricity Board (KSEB) will now be able to go ahead with the bidding process for procuring 500 megawatts (MW) round-the-clock (RTC) power using coal allocated under the Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI). The Kerala State Electricity Regulatory Commission (KSERC) has approved a set of deviations proposed by the KSEB in the model bidding documents issued by the Union Power Ministry related to the request for qualification, request for proposal, and the power supply agreement. The Centre had allocated the coal linkage to Kerala under Part B (iv) of the Union Coal Ministry's SHAKTI scheme last year. Para B (iv) of the scheme provides for the allocation of coal linkages for fresh power purchase agreements to States. Kerala has been allocated coal from the IB Field and Talcher Field of Coal India-subsidiary MCL Coal Company. Earlier this year, the State government had given its nod for appointing Central PSU PFC Consulting Ltd (PFCCL) as the transactional advisor for the long-term procurement of power for a 25 years. Major deviations proposed by the KSEB were related to the delivery point of power, minimum capacity, payment security mechanism, fuel supply agreement and calculation of fixed charges.
Mint
07-05-2025
- Business
- Mint
Cabinet approves fresh coal linkages to boost procurement and capacity addition by thermal plants amid high power demand
New Delhi: The cabinet committee on economic affairs (CCEA) on Wednesday approved fresh coal linkages in a revised SHAKTI policy to reduce import dependency and increase capacity addition by thermal power plants. The union cabinet also approved an academic and infrastructure capacity increase for five IITs (Indian Institute of Technology), upgradation of the National Scheme for Industrial Training Institute (ITI) and setting up of five National Centres of Excellence (NCOE) for Skilling as a centrally sponsored scheme. The new SHAKTI policy, which stands for Scheme for Harnessing and Allocating Koyala Transparently in India, will help thermal power generators procure coal for long-term use with some procedural easement compared with the previous iteration of the same policy. The policy, first announced in 2017, has been implemented in 2019 and 2023, before its latest revision on Wednesday. The new policy will allow thermal power generators to procure coal in two windows. The first window will be for coal linkages to central government generator companies and states at notified prices, while the second window will offer linkages to all generator companies at a premium above the notified price, a CCEA statement said, adding that state-run Coal India Ltd and Singareni Collieries Co. Ltd would receive directions to implement the policy. The new policy is also expected to reduce coal imports and may push the setting up of greenfield thermal power projects at pithead sites, a CCEA statement said. Pithead sites are those which are nearer to the coal source. "It (the new SHAKTI policy) will enable thermal capacity addition, reduce dependency on imported coal, and strengthen the country's energy self-reliance," said Rohit Bajaj, joint managing director, Indian Energy Exchange. "Further, allowing sale of un-requisitioned surplus power under PPAs in power markets will increase liquidity on exchanges and will present an opportunity for DISCOMs and C&I consumers to meet their demand efficiently and at competitive rates," he added. The CCEA's decision comes at a time when India's power demand has been hitting record-high levels for the past three years due to industrial revival after the pandemic as well as rising global temperatures. The peak power demand this year is expected to reach an all-time high of 270 gigawatt (GW) surpassing the previous high of 250GW registered on 30 May 2024. The cabinet on Wednesday also approved the infrastructure and academic expansion of five IITs in the country, with an outlay of with an outlay of over ₹ 11,800 crore over four years from FY26 to FY29. The plan is expected to increase the student strength in these five IITs—Tirupati, Palakkad, Bhilai, Jammu and Dharwad—by 6,500 in this period, the cabinet statement said. The cabinet also approved the creation of 130 professor-level faculty posts in these IITs, the statement said, adding that five new research parks will also be created to foster industry-academia collaboration. Cabinet also approved the National Scheme for Industrial Training Institute (ITI) and the creation of five COEs after an announcement was made in the budgets for FY25 and FY26, a press statement said. The total outlay for this would be ₹ ₹ 60,000 crore, with the centre financing half, states providing ₹ 20,000 crore, and industry providing ₹ 10,000 crore, as well as co-financing by multilateral banks such as Asian Development Bank and the World Bank, as per the statement. The scheme will upgrade 1,000 government ITIs aiming to skill 2 million youth over a five-year period, the statement said. "The financial assistance provided under various schemes in the past was suboptimal to meet the full upgradation needs of ITIs, particularly in addressing growing investment requirements for infrastructure upkeep, capacity expansion, and the introduction of capital-intensive, new-age trades," the statement said, adding that funding will now be on a need-based investment basis. For the first time, the upgradation of ITIs will also adopt an industry-led Special Purpose Vehicle (SPV) model, the statement said.
