"Independent power producers (IPPs) are reeling under immense pressure due to unavailability of coal coupled with rising price of imported coal. With each passing day, more and more capacity is turning stranded for the private power producers," an executive at a leading private sector power producer told DNA Money. In a bid to feed that demand, Coal India has cut down the availability to small private sector power produces and other non-priority customers sold through e-auctions. In March, there was no special forward e-auction for power sector while 5.7 million tonne coal was made available in the previous year. The crisis is set to deepen further with an expected rise in the global coal prices.

Source: dna May 27, 2018 23:48 UTC