>> Subsidiaries of Coal India Limited have issued electronic letters of intent (eLoI) for the supply of 27 MnT of coal on annual basis for 25 years to 10 power companies, which won the supply on the basis of discounts offers over their existing tariffs in the E-auction, held in Sep’17. The supply is expected to invigorate 9,000 MW of thermal capacity, which was languishing due to coal scarcity.
>>Reliance Power Limited has approached the Delhi High Court seeking early allocation for its 300 MW thermal power plant at Butibori in Maharashtra. The company had in 2008 obtained a letter from Coal India Limited promising allocation of 1.23 MnT of coal for the plant. The involved issue revolves around the fact that the plant was originally a captive power plant, which was supposed to meet certain milestones; the plant was later converted into an independent power plant.
>> Australia-headquartered Wesfarmers has agreed to sell its existing coal mine at Queensland to the US-based miner,Coronado Coal Group, for USD 539 million.
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