Tariff Based Competitive Bidding For Auctioning of Coal Linkages
An Inter-Ministerial Committee (IMC) has been constituted in the Ministry of Coal on 12.01.2015 to consider various models including auctioning of coal linkages/LoAs through competitive bidding as the selection process and to recommend the optimal structure that would meet the requirements of all the stakeholders. This was stated by Sh. Piyush Goyal, Minister of state (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Rajya Sabha today.
The Minister further stated that in order to conduct the auction of the Coal Linkages to non-regulated sector which covers Cement, Sponge Iron, Captive Power and others through competitive bidding this Ministry has prepared a draft auction methodology and also an approach paper has been prepared for public consultation. On 04.06.2015 the members of the public and stakeholders concerned were requested to submit their comments/views on the draft auction methodology. The policy for linkage auction is under consideration of the Ministry, the Minister added.
Reference :Business Standard