As many as 18 upcoming power projects with an aggregate capacity of over 25,000 MW might be forced to violate their tariff commitments and seek a much higher price from consumers. This is because the coal ministry has rejected a request from the developers of these projects for assured coal linkages and they might have no other option but to resort to the open market for fuel. The projects to be affected include Essar Power’s Mahan, Adani’s Tiroda and GMR Energy’s Kamalanga stations. With no “tapering coal linkage” in sight, the developers of these projects won’t have the option of getting coal at (lower) notified prices from Coal India (CIL) until production commences at their captive mines.
Source: Financial Express
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