India is the only country in the region where cost of producing solar power is almost 14% less than cost of electricity generated from coal.
The organisation, which pays pensions to some 500,000 people from the coal sector, operates like the Employees Provident Fund Organisation.
Coal India does not have any subsidiary company with the name "South Central Coalfields Ltd (SCCL)" and also it is not participating in any such recruitment exercise, the notice mentioned.
Addition to proven reserves last year was considerably higher than the average rate reported in the last few years the company said in a statement.
Blocks will be awarded on the basis of the highest share of revenue offered to the government.
The Smart Meter National Programme aims to retrofit 25 crore conventional meters with smart variants leading to 80-100 per cent improvement in billing efficiency.
The decision will rule out potential disputes over possible under-reporting of revenues by operators, which, the government feels, cannot be audited regularly.
This is the first time the government is offering blocks to public sector companies for selling their entire production in the open market.
Going forward, if Coal India diverts more coal to power plants, then possibility of a rise in spot e-auction premiums cannot be ruled out.
Distribution companies across these states preferred day-ahead and term ahead electricity trading platforms at the n exchange to leverage the competitive price discovery, coupled with the benefit of flexible and predictable procurement.
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