State-run miner Coal India Ltd (CIL) has initiated the second round of auction under SHAKTI B-iii scheme. This provision provides medium/long term supplies via linkage for independent power producers (IPPs) that do not have power purchase agreements (PPAs). For the latest round, the miner has offered a total of 9 mnt of coal. The previous round of auction was held in February 2020 where out of 11.8 mnt, 6.48 mnt was booked at premium of 7%.
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