Home News Top News Govt approves coal swapping between PSUs with private sector companies

    Govt approves coal swapping between PSUs with private sector companies

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    Image caption: Centre approves coal swapping Image source: Common Dreams Common Dreams

    The Central Government has approved the coal swapping between the governments, PSUs with the private companies.  While addressing the launch programme of web portal ‘Coal Mitra’, the Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal had said that he would like to see the coal sector open up and achieve the next level of Efficiency in power generation.  The guidelines for coal swapping would be out in next 30 day, he said.  He envisioned this coal swapping initiative to be cross sectoral and not confined to the power to power sector swaps.  The Coal Mitra Web Portal has been designed to bring about flexibility in Utilization of Domestic Coal by transferring the reserves to more cost efficient state or centre owned or private sector generating stations, leading to lower generation costs and ultimately lesser cost of electricity for the consumers.  The Cabinet approved the proposal for allowing flexibility in utilization of domestic coal amongst power generating stations.  Further, Central Electricity Authority (CEA) has issued the methodology for this followed by the issuance of a memorandum by the Ministry of Power on 10th June 2016.  The methodology for use of transferred coal in Independent Power Producers (IPPs) generating stations would be issued separately.

    Source: millenniumpost.in

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