CIL board to discuss PPP model this week

Tags: CIL, Industry
The board of state-owned Coal India Ltd is likely to meet on Friday to deliberate on the concession agreement pertaining to the public-private- partnership (PPP) model for developing mines.

The government had recently said that an explored green- field coal mine in Mahanadi coalfields is being taken up as a pilot project under PPP and the model concession agreement has been prepared by Planning Commission for further discussions.

"CIL board is likely to meet on February 28 to discuss concession agreement pertaining to PPP model," said a source.

Finance Minister P Chidambaram had stated in his last Budget speech that there was a need to devise such a policy on public-private framework with CIL as one of its partners to reduce the country's increasing dependence on imported coal.

The measure, he had said, would lead to an increase in domestic coal output for supply to power producers and other consumers of fossil fuel.

CIL, which accounts for over 80% of the domestic coal output, missed the production target last fiscal and produced only 452.5 million tonnes (MT) of coal in 2012-13 as against the target of 464 MT.

India's coal imports, which shot up to 145.8 MT in 2012-13, are expected to reach 185 MT by FY'17.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture