Government accepts price pooling of coal
New Delhi, Mar 11 : The government on Monday said it has approved in principle certain guidelines related to the concept of price pooling.
"Specific capacities/quantities are to be worked out. It has been decided that in respect of plants commissioned upto 31.3.2009, domestic coal will continue to be supplied as hitherto at CIL's notified price,"said Minister of State for Coal Pratik Prakashbapu Patil in a written reply in Rajya Sabha.
"Price polling is likely to enable Coal India Limited (CIL) [state-owned miner] to meet its fuel supply obligations to the power sector through import of coal, in addition to coal supplied from indigenous production which will mean higher power generation in the country," he said.