Amid the power sector facing acute fuel shortage, the coal ministry on Tuesday said that it may divert a portion of the fuel under e-auction quota to power producers, besides resorting to imports to meet the crisis. ‘‘We will divert coal under e-auction quota (to power producers), increase evacuation and import,’’ coal minister Sriprakash Jaiswal said on the sidelines of a function here.Under e-auction, coal is sold at spot market price. Around 10% of the total coal produced by state-owned Coal India Limited (CIL) is sold through e-auction.CIL had offered four million tonne (mt) coal meant for e-auction in October to power companies.The government had then allocated additional quantity of coal to the power sector from the e-auction quota to ease coal shortage that caused frequent disruptions in electricity generation.
Source: Financial Express
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