SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) )

• Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI) is the new scheme of the centre to provide cheaper coal to private power units through bidding.
• Under this new programme, Coal India offered assured coal supply to units through bidding.
• The private power units had to quote the discount in their power tariffs that they would offer after getting cheaper coal from the company.
• Thus the bidding will be for private power units with power purchase agreements (PPAs) but no long-term coal supply.