Panel on policy for PPP model to raise coal output may meet today
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.
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.