From UPSC perspective, the following things are important :
Prelims level: SHAKTI Yojana
Why in the News?
The SHAKTI Yojana plays a crucial role in enhancing the reliability of coal supply for India’s power sector.
About SHAKTI Yojana:
| Details | • SHAKTI stands for Scheme for Harnessing and Allocating Koyala Transparently in India. • Introduced by: Ministry of Coal, Government of India. • Launched in 2018, with amendments in March 2019 and November 2023. • Purpose: Ensure transparent coal allocation to the power sector, especially stressed power units facing coal shortages. |
| Objective | Allocate coal supplies to power plants that are unable to secure adequate fuel, ensuring consistent and transparent coal supply to power plants.
Features: Fuel Supply Agreement (FSA): Coal supplied through FSA with Letter of Assurance (LoA) holders, ensuring continuation of supply at 75% of the Annual Contracted Quantity (ACQ). Coal Linkages: Linkages granted to State/Central Generating Companies and Independent Power Producers (IPPs) with Long-Term PPAs. |
| Significance | • Ensures coal supply to stressed units, supporting new power plants and promoting transparency in coal allocation. • Supports uninterrupted power generation by ensuring consistent fuel supply. |
About India’s Coal Gasification Vision:To achieve 100 MT of coal gasification by FY 2030, with a focus on sustainable practices and reducing carbon emissions.
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PYQ:[2019] Consider the following statements: 1. Coal sector was nationalized by the Government of India under Indira Gandhi. 2. Now, coal blocks are allocated on lottery basis. 3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production. Which of the statements given above is/are correct? (a) 1 only (b) 2 and 3 only (c) 3 only (d) 1, 2 and 3 |
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