Tag: E-auction of Coal

GoI Allows Power Companies Paying Premium Under FSA to Source Coal through E-auctions

Jul 13, 2016

—

by

Indu Bhusan Nath

in Uncategorized

In a move to ease coal procurement, the Government of India (GoI) has asked the power companies, paying a premium of 40% for coal sourced under the special dispensation scheme started in 2013, to switch over to the E-auction mode, in which coal prices are relatively cheap. The special dispensation scheme, under the Memorandum of…