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

OILPRICE - Economy
India Allows Long-Term Coal Contracts as It Boosts Power Capacity
source : OILPRICE ( Middle East ) () 44
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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