Coal India (CIL) will hold the second phase of special e-auction for the current financial year for providing coal to power plants as the government’s targets 24X7 power supply across the country. The special forward e-auction for 2016-17 for power producers including captive power plants (CPP)-Phase II would be held on May 24 and May 25.
The reserve price for power sector consumers will remain at 10 percent over the notified price of coal for power sector and for captive power plants, it will remain 10 percent over the notified price for non power sector.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
