India Allows Long-Term Coal Contracts as It Boosts Power Capacity ...Middle East

India’s federal government eased on Wednesday coal supply restrictions, allowing independent power producers to bid and procure coal supply at auctions for periods of between 1 and 25 years.                    Under the new measure passed by the cabinet, producers can bid for coal for periods of up to 25 years at a premium above the notified price at auctions. The power plants will also have the flexibility to sell the electricity as per their choice. The new provision is expected to incentivize…

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