Comments
The report on coal banking policy would be submitted by the end of this month, said B.K. Chaturvedi, Member of Planning Commission, who is heading the panel.
However, public sector miner Coal India Ltd has expressed reluctance for implementation of a mechanism wherein it receives coal from private miners and offer commitment on returning the same to them in the future.
“They (Coal India) are a member of the group, when we submit the report we will finalise it together with them, we will submit the report by the end of this month,” Chaturvedi said on the sidelines of India International Clean Tech Summit organised by FICCI.
Coal India turning down the proposal may prove as a damper for putting-in place a coal banking scheme. The Association of Power Producers (APP), that represents 20 private power producers in the country, had suggested that Coal India should be the custodian of surplus coal. They estimate nearly 25 million tonnes of extra coal to be produced by 2015-16.
Earlier, Coal India said that they could take up marketing of the extra coal. However, it is not possible to commit that same volume of coal would be returned to the respective company in the future.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.