CURRENT AFFAIRS

Detailed explanation-1: -Power Ministry launches scheme for procurement of aggregate power of 4500 MW for five years. Ministry of Power has launched a scheme for procurement of aggregate power of 4500 MW for five years under SHAKTI Policy.

Detailed explanation-2: -The Saubhagya Scheme or Pradhan Mantri Sahaj Bijli Har Ghar Yojana is an Indian government project to provide electricity to all households. The project was announced in September 2017 by Prime Minister Narendra Modi, who said that the aim was to complete the electrification process by December 2018.

Detailed explanation-3: -What is SHAKTI Policy? About: Ministry of Power (MoP) in 2017 cleared the Coal Linkage Policy known as SHAKTI (Scheme to Harness and Allocate Koyla Transparently in India). The Policy provides coal linkages to power plants which lack fuel supply agreements (FSAs) through coal auctions.

Detailed explanation-4: -SHAKTI is an acronym for Scheme for Harnessing and Allocating Koyala Transparently in India. It was launched in 2018 to provide coal to stressed power units which lack coal supply. It seeks to provide coal linkages to power plants which lack fuel supply agreements (FSAs) through coal auctions.