Press Esc to close
Monday 20 February 2017
News updated at 8:58 AM IST
Weather
Max: 29.3°C
Min : 15.9°C
In Bengaluru
clear sky

Subsidising coal imports should not be at CIL's cost: Rao

New Delhi, Nov 28, 2012, (PTI) :
Coal India Ltd (CIL) today said it has no objection to supply of subsidised imported coal to a certain set of power generators under price pooling proposal, provided it does not involve any revenue loss for the PSU coal miner.

"As far as we are concerned, it should be revenue neutral to us. To rob Peter to pay Paul - I have no problem if you are paying some subsidy to somebody, you call it subsidy or discount, whatever you call, that money should come from others, not from me. Coal India's position is clear," CIL Chairman S Narsing Rao told PTI in an interview.

The Ministry of Power and the Central Electricity Authority have mooted a proposal under which CIL imports coal to fulfil its fuel supply obligations. According to them, the price of imported fuel under pooling mechanism should be based on heating value of domestic coal.

"The burden of supplying imported coal to power stations at Gross Calorific Value (heating value) parity price of domestic coal is to be loaded on the price of the domestic coal so that there is no revenue loss for CIL," the government said in Lok Sabha yesterday.

Though import of coal was not a solution for Indian power sector and majority of the power plants in the country were designed for indigenous coal, Rao said CIL has no objection to imports if price pooling mechanism is acceptable to all.

"As the proposal stands, we have no problem but provided the consumers are comfortable with that... since the imported coal is more expensive, whoever gets the imported coal as part of my FSA obligation or linkage obligation, they should be given some amount of discount so that ...the additional burden we will spread on everybody else," he said.

However, the proposal being backed by the Planning Commission Deputy Chairman Montek Singh Ahluwalia is facing resistance from several state utilities, including that from West Bengal, which have already expressed reservations on it.

 

Go to Top

Photo Gallery
Theater Person Lakshmi Chandrashekar in an interview to Prajavani Metro for ' Naa Kanda...

Theater Person Lakshmi Chandrashekar in an interview to Prajavani Metro for ' Naa Kanda...

A n aircraft take off in a backdrop of sun set on the last day of the 11th biennial edition...

A n aircraft take off in a backdrop of sun set on the last day of the 11th biennial edition...

A Truck caught fire , at Road in Tinsukia, Assam on Saturday...

A Truck caught fire , at Road in Tinsukia, Assam on Saturday...

Virat Kohli speaks at 49th All India Central Revenue Sports Meet ...

Virat Kohli speaks at 49th All India Central Revenue Sports Meet ...

Indian Air Force's helicopter aerobatic team 'Sarang' on the last day of the 11th Biennial edition..

Indian Air Force's helicopter aerobatic team 'Sarang' on the last day of the 11th Biennial edition..

Skycat Wingwalkers, the Scandinavian aerobatic team, makes a heart on the last day of AERO INDIA...

Skycat Wingwalkers, the Scandinavian aerobatic team, makes a heart on the last day of AERO INDIA...

A three-months-old hippopotamus is seen with its mother Pippa at the Le Cornelle Animal Park...

A three-months-old hippopotamus is seen with its mother Pippa at the Le Cornelle Animal Park...

Bollywood actor Neil Nitin Mukesh with his wife Rukmini during their wedding reception in Mumbai...

Bollywood actor Neil Nitin Mukesh with his wife Rukmini during their wedding reception in Mumbai...

A ball of fire from explosives goes up during the ongoing U.S.-Thai joint military exercise...

A ball of fire from explosives goes up during the ongoing U.S.-Thai joint military exercise...

Sibrerian birds frolic over Narmda River waters in Jabalpur...

Sibrerian birds frolic over Narmda River waters in Jabalpur...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523