The Union ministry of power may invoke Section 11 of the Electricity Act, 2003 to make it mandatory for state-run electricity discoms to buy power produced from imported coal. The move follows discoms’ reluctance to buy costlier power from imported coal-based (ICB) units, which were earlier directed by the ministry under the same section to […]
Power Ministry Takes Measures For Operationalising ICB Plants Under Stress – EQ Mag Pro
Union Power Ministry has directed Power Finance Corporation (PFC) and Rural Electrification Corporation ( REC Ltd) to take necessary action to arrange short term loans for a period of six months with adequate safeguards, for ICB plants which are under stress or in NCLT, at the earliest. These plants need working capital to buy coal […]