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    HomeNewsIndiaCabinet approves GoM's recommendations on stressed power plants

    Cabinet approves GoM's recommendations on stressed power plants

    The decision was taken by Cabinet Committee on Economic Affairs (CCEA).

    PTI
    March 07, 2019 / 14:01 IST
    Representative Image

    The Union Cabinet on March 7 approved recommendations of a group of ministers (GoM) relating to stressed power projects including grant of coal linkage for short-term power purchase agreements (PPAs). The decision was taken by Cabinet Committee on Economic Affairs (CCEA).

    Briefing reporters, Finance Minister Arun Jaitley said the recommendations approved include grant of coal linkage for short-term PPAs, 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 modal agency against pre-declared linkages.

    Central/state generation companies may act as aggregator of power.

    PTI
    first published: Mar 7, 2019 01:51 pm

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