Govt invokes emergency clause to allow compensation for 32 Gw domestic coal based plants
The government has invoked an emergency clause to allow compensation to 32 Gw domestic coal-based power projects for higher costs due to blending of imported coal till March next year.
Power purchase agreements between these plants and the distribution companies have been signed for upto 25 years based on tariff-based competitive bidding under Section 63 of the Electricity Act and do not allow higher prices.
