Coal India to invite applications from independent power producers

KOLKATA: Coal India BSE 2.66 % will conduct auctions under government’s Shakti scheme for entering into long term coal supply contract with some 12,000 mw of independent power producers that have long term power purchase agreements with state distribution companies but does not have coal supply contract.

SBI Caps which has been appointed as the transaction advisor for Shakti by Coal India, has advised that this category of independent power producer would be taken up first. Coal India will issue notice inviting applications on Friday from the independent power producers. They would have to submit their applications within 15 days following which the auction would be conducted by MSTC within the first week of August.

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