Mulls clause to mandate participation in tariff-based bidding for power
The brouhaha over coal block allocations has goaded the government into correcting the policy imperfections that have long prevailed in India’s coal mining sector. It is planning a clause to make it mandatory for captive miners to take part in tariff-based bidding for power. A few miners have been selling power produced through coal from their captive mines in the open market to make profits. The coal ministry now plans to add the mandatory clause in captive miners’ allotment letters.