India set to open coal mining to private sector: Official

Kolkata, Feb 24 (IANS) India is set to open up commercial coal mining to the private sector towards boosting the country’s energy self-sufficiency, the government said on Wednesday.

“India is all set to open up commercial coal mining to the private sector with the aim of shifting world’s third largest coal importer towards energy self-sufficiency,” Coal Secretary Anil Swarup told reporters on the sidelines of the 6th Asian Mining Congress here organised by the Mining, Geological and Metallurgical Institute of India.

“Bids are already open for the states and private sector shall soon follow,” he added in this regard.

He also said the Uday Discom Assurance Yojana (UDAY) discoms’ debt restructuring scheme for state-run power distribution companies is one of the solutions to tackle the surplus production of state miner Coal India, which stands at 40 million tonnes.

“Once financial position of the discoms improve with UDAY scheme they will draw more power which in turn will lead to higher demand for coal in six months,” Swarup said.

“We are trying to supply more coal to power companies and trying to ensure that import demand from the companies in the hinterland is replaced with domestic supplies,” the secretary said.

“We must ensure that coal imports come down with the increase in domestic production. This will also help government save a lot of money,” he added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here