The Union Cabinet on Thursday approved recommendations of a group of ministers relating to stressed power projects including grant of coal linkage for short-term power purchase agreements.
The decision was taken by the Cabinet Committee on Economic Affairs.
Briefing reporters, Finance Minister Arun Jaitley said the recommendations approved include grant of coal linkage for short-term power purchase agreements, allowing existing coal linkage to be used in case of termination of PPAs due to payment default by distribution companies and procurement of bulk power by a nodal agency against pre-declared linkages.
#CCEA has approved recommendations of the Group of Ministers (GoM) relating to Issues of Stressed Thermal Power Projects.#cabinetdecisions pic.twitter.com/dutAa9XOvd
March 7, 2019Central/state generation companies may act as aggregator of power.
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