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'CIL should look for options if unable to meet FSA target'

Last Updated: Wednesday, April 17, 2013 - 12:27

New Delhi: State-run Coal India should look for other options to provide coal if its unable to meet fuel supply commitments to power companies, a Planning Commission member said on Wednesday.

"If Coal India is not able to meet the supply target as per the Fuel Supply Agreement, they must provide for the coal (through other means)," Planning Commission Member (Energy) B K Chaturvedi told reporters at the 'Clean Energy Ministerial' here.

On the issue of gas pricing, Chaturvedi said: "We have to take a balanced view as far as gas pricing is concerned.

"Unfortunately in gas it is a very segmented market and therefore while fixing the prices we have to take into account these factors and I am sure government will do it."

He added that there is a shortage of gas in India.

"As far as domestic pricing of gas is concerned, though we are able to get LNG, now we have to, while pricing the gas, take into account, that more investments come to the sector.

"If you have pricing which is very low, no investments will come and also we have to take into account what the prices in international market are," he said.


First Published: Wednesday, April 17, 2013 - 12:27
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