Various PPP models discussed to raise coal production: Minister
New Delhi: A committee formed to devise a policy framework under public-private partnership for increasing domestic coal production has discussed various PPP models in its first meeting this month, Coal Minister Sriprakash Jaiswal has said.
"Committee has held its first meeting on April 9, 2013 and deliberated on the various PPP models," Jaiswal said in a written reply to the Lok Sabha.
The panel is required to devise a PPP policy framework in order to increase production of coal, he said.
In pursuance of the announcement of Finance Minister P Chidambaram in Union Budget with regard to PPP policy framework, a nine-member committee was set up last month.
The committee under the chairmanship of Coal Secretary S K Srivastava has members from other ministries including Law, Labour and Finance among others.
The Finance Minister had earlier said there was a need for devising a policy on public-private-partnership framework to reduce country's growing dependence on imported coal.
The country's power sector is facing fuel crisis on account of acute coal shortage, making it necessary to import the commodity.
Besides, the Planning Commission in a letter to the Coal Minister had earlier said: "It should be possible to expand coal mining operations rapidly through a PPP model that can enable a fair and transparent framework based on competitive bidding."