Stressed power assets allege less coal allocation under SHAKTI auction

Power companies fear price rise, Coal India denies any tweaking

Stressed power assets, which were planning to bid for coal under the new SHAKTI auction, have now complained against the national miner for offering a lower coal volume than the demand. The power industry has alleged that Coal India has done so to jack up the price of coal in the auction by more than 100 per cent over the notified price.

The new round of coal auction is for those stressed power projects which do not have any coal linkage and power purchase agreement (PPA) to sell power. SHAKTI, or Scheme for Harnessing and Allocating Koyala Transparently in India,