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SHAKTI coal linkage bidding: 10,000 MW of stressed units to get supply

Power News - Published on Mon, 25 Dec 2017

Image Source: indiapages.in
Business Standard reported that first coal bidding under SHAKTI a success, quantity on offer sold out Ramped-up Coal India output saves INR 25,900 crore in forex CIL steps ups efforts to meet power plants' coal demand as supply dwindles Coal stock situation to improve as power sector gets weather breather The hard truth of a brewing coal crisis

The first bidding under the new scheme of the Centre, “SHAKTI coal scheme” to provide coal to private power units would see the revival of 10,000 MW worth of generating units of Adani Power, Lalitpur (Bajaj Hindustan), KSK Mahanadi, GMR Energy, GVK among eight others. These power plants were listed as stressed assets as they were languishing for want of coal.

The bidding which was concluded in September saw the entire offered amount contracted by the power developers. Leading private sector players to bid for the coal offered by state-owned Coal India Ltd quoting discounts in their power tariff in range of 1-4 paise per unit. Coal India board on Wednesday approved the coal quantity to be supplied under the SHAKTI scheme.

The bidding was for power units with power purchase agreements (PPAs) but no long-term coal supply. Under the new programme for allocating coal to power units - Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI) - Coal India offered assured coal supply to units through bidding. The units had to quote the discount in their power tariffs that they would offer after getting cheaper coal from the company.

The total quantity booked was 27.8 million tonnes of coal. Close to 9.2 million tonnes of coal saw discount bidding of 2 paisa, followed by 3 paisa discount quoted for 9.08 million tonnes.

The total power generation capacity which would receive coal is 10,082 MW and Coal India executives said it would help generate 47 billion units per annum and a savings of INR 126 crore every year to the consumers for 25 years.

Name of CompanyCoal capacity recieved (mtpa)Qualifying plantPlant capacity (Mw)Discount quoted (Rs/unit)Total benefit (Rs cr / year)
ACB India Limited0.2Chakabura TPP602.40.85
Adani Power Maharashtra Limited5.85Tirora TPP19801.919.37
Adani Power Rajasthan Limited4.12Kawai TPP13202.215.9
Adhunik Power and Natural Resources Limited0.9Adhunik TPP5402.94.52
GMR Kamalanga Energy Limited1.5Kamalanga TPPS10502.56.45
GVK Power Goindwal Sahib Limited1.71Goindwal TPP54025.87
Inland Power Limited0.07Gola TPP1260.80.1
KSK Mahanadi Power Company Limited6.82Mahanadi TPP24003.136.7
Lalitpur Power Generation Company Limited5.64Lalitpur TPP19803.635.5
Sai Lilagar Power Generation Limited0.38Arasmeta TPP862.31.51
TOTAL27.19 100822.72126.77
 

Source :

Posted By : Nanda Koijam on Mon, 25 Dec 2017
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