News: The Centre is likely to offer about 8 GW of electricity to states for the medium to long term from projects that are idling as they don't have coal linkages or purchase tie-ups, said people with knowledge of the matter. The Centre will aggregate demand from states facing power crises and then auction it to these stressed projects through tariff-based bidding.
Views: The medium-term contract is expected to be for five years while the tenure for the long-term ones has been reduced to 15 years from 25 years earlier, but for short term this will come as a positive to the states that were caught unprepared to meet power demand surge over the last few months.
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