Suresh Prabhu-led advisory panel suggests opening up of coal sector
Moneylife Digital Team 23 December 2014
The report of the advisory panel called for expediting reforms in the distribution sector with targeted actions including privatisation or PPP (public private partnership) in distribution
 
Suresh Prabhu-led Advisory Group for Integrated Development of Power, Coal and Renewable Energy said in a report it submitted to the government that opening up of the coal sector and upgradation of state-run Coal India and its subsidiaries are vital for scaling up domestic production of the dry fuel.
 
The final report of the Advisory Group for Integrated Development of Power, Coal, and Renewable Energy for suggesting measures for enhancement of coal production in the short, medium and long term was presented to Power and Coal Minister Piyush Goyal.
 
The report calls for improvements in Coal India and its subsidiaries, including Central Mine Planning and Design Institute Limited (CMPDI).
 
The Advisory Group's report has emphasised on the need for opening up the coal sector to supplement the domestic production of Coal India and a few other companies.
 
Various options should be explored to develop railway infrastructure from coal mines to main railway system, including through a joint venture company on infrastructure by CIL, it said.
 
The report also called for expediting reforms in the distribution sector with targeted actions including privatisation or PPP (public private partnership) in distribution.
 
The government has already announced plans to augment CIL's production to an annual 1 billion tonnes by 2019. CIL accounts for about 80% of India's total coal production.
Comments
Free Helpline
Legal Credit
Feedback