First tender for coal utilisation scheme fails with zero bids

No private player ready to sell power at less than Rs 2.82 per unit to procure coal

The Centre’s programme of ensuring coal for stressed power units has failed to generate much interest on the part of power developers.

Not a single bid was put in in the first tender called by Gujarat to provide the cheap coal earmarked for the state. 

Private developers who buy this coal have to sell power at Rs 2.82 per unit or less. They will get coal after they bid for a discount on the notified rate.

The reverse auction was held on Monday for procuring 1,000 Mw.

The aim is to reduce the cost of fuel for ailing distribution companies and effectively distribute domestic