SHAKTI scheme under scanner as pvt players ‘misuse' its norms
Millennium Post Delhi|October 28 2020
NEW DELHI: The attempts to ‘misuse’ the provisions of SHAKTI policy as per their own ‘convenience’ by some private players in the coal sector have raised the doubts over the ‘transparent objective’ of the scheme as some private power generating companies have ‘interpreted’ the provisions of SHAKTI B (iv) as per their own convenience to tie up power purchase agreements.
SHAKTI scheme under scanner as pvt players ‘misuse' its norms

As per industry sources, the coal allocation to the states of Gujarat, Uttar Pradesh, and Madhya Pradesh have come under the scanner as private players get the allocation of linkage coal through state governments from their preferred subsidiary of Coal India Limited to get rid of the competition under tariff-based competitive bidding that is scheduled to happen in near future and have windfall gains.

Notably, the Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI) was notified in the Gazette in March 2019.

The allocation of coal to the states of Gujarat, UP, and MP through the subsidiaries from SECL, NCL, and WCL respectively out of eight subsidiaries which are BCCL, CCL, ECL, MCL, NEC, SECL, NCL, and WCL has brought the procedure under the scanner.

This story is from the October 28 2020 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 28 2020 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM MILLENNIUM POST DELHIView All
I have become a bit rational: Akshay
Millennium Post Delhi

I have become a bit rational: Akshay

Kumar said that he soldiered on despite giving 16 flops in a row at one point in time and he will continue to do so

time-read
2 mins  |
March 28, 2024
SRH bury MI in high scoring IPL thriller
Millennium Post Delhi

SRH bury MI in high scoring IPL thriller

Like the lamb bleating before slaughter, Mumbai Indians tried to stage an impossible escape act against Sunrisers Hyderabad before Hardik Pandya’s men lost by 31 runs in one of the most pulsating matches in the history of the Indian Premier League.

time-read
3 mins  |
March 28, 2024
Millennium Post Delhi

Govt plans to borrow ₹7.5L cr in FY25 first half

The Centre is planning to raise Rs 7.5 lakh crore through market borrowing in the first half of 2024-25 to fund the revenue gap to push economic growth, the finance ministry said on Wednesday.

time-read
1 min  |
March 28, 2024
BSE, NSE to introduce T+0 settlement cycle from today
Millennium Post Delhi

BSE, NSE to introduce T+0 settlement cycle from today

Further, trade timing will be between 9.15 am & 1.30 pm

time-read
2 mins  |
March 28, 2024
Intense Israeli bombardment hits Gaza, calls for more aid grow
Millennium Post Delhi

Intense Israeli bombardment hits Gaza, calls for more aid grow

The southern Gaza Strip came under intense Israeli bombardment overnight, despite international pressure for an immediate ceasefire in the Palestinian territory where famine is looming.

time-read
1 min  |
March 28, 2024
After Kejriwal, ED targets Punjab, raids excise commissioner's house
Millennium Post Delhi

After Kejriwal, ED targets Punjab, raids excise commissioner's house

Varun Roojam had allegedly invested in the guava orchard influenced by former GMADA Rajesh Dhiman

time-read
1 min  |
March 28, 2024
Millennium Post Delhi

Chhattisgarh: 6 Naxals killed in encounter with security forces

Six Naxalites, including “deputy commander” Punem Nagesh, his wife, and another female cadre, were killed in an encounter with security personnel in Chhattisgarh’s Bijapur district on Wednesday, a police officer said.

time-read
1 min  |
March 28, 2024
We're sitting on ticking bomb of joblessness, have concrete plan for providing jobs: Cong
Millennium Post Delhi

We're sitting on ticking bomb of joblessness, have concrete plan for providing jobs: Cong

Congress chief urged people to remember before voting that PM Modi promised to provide 20 crore jobs in 10 years but snatched more than 12 crore jobs from youth

time-read
2 mins  |
March 28, 2024
All major parties encashed electoral bonds; nobody has moral authority to say anything: FM
Millennium Post Delhi

All major parties encashed electoral bonds; nobody has moral authority to say anything: FM

Finance Minister Nirmala Sitharaman on Wednesday said that all major political parties have encashed electoral bonds and nobody has a moral authority to say anything as it was legal and according to law.

time-read
2 mins  |
March 28, 2024
Our preparedness levels of very high order, says General Pande
Millennium Post Delhi

Our preparedness levels of very high order, says General Pande

In the backdrop of the nearly four-year border row with China in eastern Ladakh, Army Chief General Manoj Pande on Wednesday said the Indian Army’s preparedness levels are of a “very high order” and the force is keeping a “very close watch” on developments across the border.

time-read
2 mins  |
March 28, 2024