MoP notifies methodology for coal auctions for TPPs without PPAs

The Ministry of Power (MoP) has notified a methodology for conducting coal auctions for thermal power plants (TPPs) without power purchase agreements (PPAs). The move is part of the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India and will help in addressing the issues of stressed TPPs. The initiative will allow the units to apply for coal linkages, provided electricity produced from the coal secured under the mechanism is sold through spot power exchanges or through the DEEP portal. Coal India Limited and Singareni Collieries Company Limited will have to earmark coal mines for supply to such power plants and auctions will be conducted every quarter.