State-run miner Coal India Ltd (CIL) has successfully carried out the second round of auction under SHAKTI B-iii scheme. This provision provides medium/long term supplies via linkage for independent power producers that do not have power purchase agreements. The latest round of auction was held in May’22, where the miner had offered a total of 9 mnt of coal, of which 6.42 mnt was booked by 8 bidders. The bid premium was recorded at 2%.
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