1. PM Narendra Modi led Cabinet gives green signal for new coal linkage policy

PM Narendra Modi led Cabinet gives green signal for new coal linkage policy

The Cabinet Committee on Economic affairs (CCEA) led by PM Narendra Modi today gave green signal for a new coal linkage policy in order to ensure proper supply of the fuel to power plants through the reverse auction

By: | New Delhi | Published: May 17, 2017 2:09 PM
The policy will help producers to ensure fuel supplies in a proper manner.(Reuters)

The Cabinet Committee on Economic affairs (CCEA) led by PM Narendra Modi today gave green signal for a new coal linkage policy in order to ensure proper supply of the fuel to power plants through the reverse auction,  a PTI report said today. As per the news agency report, the policy will help producers to ensure fuel supplies in a proper manner. Even as conditions in the international market helped reduce the price of the dry fuel and helped in domestic production, a mechanism was required for providing coal linkages in power plants at competitive rates.

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