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2022-05-11

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Indian Economy
www.thehindu.com

The Union government’s measures to ease power supply constraints through higher coal imports are likely to increase the cost of supply for discoms by 4.5-5% in FY23, rating agency ICRA said on Tuesday.

On May 5, the Ministry of Power had issued a directive, stating that all imported coal-based power plants shall generate power at their full capacity to meet growing demand, ICRA stated.

As per this directive, all States and power generating companies based on domestic coal will have to import at least 10% of their fuel requirement for blending with domestic coal. This directive by the Ministry is valid till October 31, 2022.

As the present power purchase pacts do not provide for a pass-through of the fuel cost, the tariff for supply from these plants under PPAs shall be worked out by a committee with representatives from the Ministry, the Central Electricity Authority (CEA) and the CEA Commission, considering the prevailing coal prices.


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