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Wednesday, 5 July 2017

Govt launches e-bidding portal for domestic coal-based IPPs


The Ministry of Power launched a portal for optimum utilization of domestic coal by independent power producer (IPP). An official statement said this web portal would save the consumer close to Rs. 20,000 crore five years down the line.

Acc. to Union Minister Piyush Goyal, with the help of this portal, Producers can reduce power costs by 10 paisa per unit by rationalizing coal supply made possible through the e-bid portal.

Important Takeaways from above News-
  • Piyush Goyal is the present Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines in the Government of India.
Source- The Hindu

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