CCEA approves revised SHAKTI scheme for allocation of coal to power plants

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CCEA approves revised SHAKTI scheme for allocation of coal to power plants - Business Standard

Quick Summary:

The Cabinet Committee on Economic Affairs on Wednesday approved the revised Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI) for allocation of coal to the power sector to help them meet long-term and short-term coal requirement.

The CCEA "has approved grant of fresh coal linkages to thermal power plants of central sector/state sector/independent power producers (IPPs)," the coal ministry said in a statement.

The approval was given by the Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi, in a move aimed at simplification of the linkage process.