In order to lessen power generation costs in the country, the government is formulating a policy to pool international and domestic coal prices which would ensure uniformity in the rates of the essential raw material across the country.
A committee under the chairmanship of the Central Electricity Authority chairperson was set up earlier this month to look into the matter.
A Power Ministry official told PTI that "The committee was expected to submit its report on May 25. Since the power generation companies have raised issues on the entire policy, the committee would now submit its report in July adding that the date of submission is not known yet.”
However, he refused to name the companies which have expressed concerns on the subject.
The official said that "Power developers have questioned the entire process of pooling of coal prices, how will it be done for imported coal-based projects and other projects, what kind of price difference would there be etc.” (sourced from PTI)