Panel on policy for PPP model may meet Tuesday
Quotes

Panel on policy for PPP model may meet Tuesday

Last Updated: Monday, April 08, 2013, 16:28
 
 Comment 0
 
Panel on policy for PPP model may meet Tuesday
New Delhi: The panel formed to formulate a policy on public-private-partnership with Coal India Ltd as one of the partners may meet for the first time Tuesday.

"The committee under the Chairmanship of Coal Secretary S K Srivastava may meet tomorrow," an official said.

Last month, the Coal Ministry had constituted a panel to increase coal output.

The development followed Finance Minister P Chidambaram stating in his Budget speech that there was a need to devise such a policy to reduce the country’s increasing dependence on imported coal.

The nine-member committee has representatives from ministries, including Finance and Law and Justice.

The panel, to be serviced by Central Mine Planning & Design Institute Ltd (CMPDI), will devise a PPP policy framework in order to increase production of coal. The committee shall give a report within a month.

Coal India, which accounts for over 80 percent of domestic coal production, achieved an output of only 452.5 million tonne for the just concluded fiscal, missing the target of 464 million tonne.

The Coal Ministry had earlier said that CIL would miss the production target for the FY 2013 by 2 million tonnes to 3 million tonnes. It had attributed the shortfall to workers strike and other issues.

The Coal ministry has set a production target of 482 million tonne and off-take of 492 million tonne for CIL for the current fiscal.

PTI



First Published: Monday, April 08, 2013, 16:28


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved