Proposals To Bring Changes In Coal Price Pooling Mechanism

From Money Control

With impasse over the price pooling of imported coal remaining unresolved, there is a proposal to bring some changes in the mechanism, amid the PMO asking Coal India  and Central Electricity Authority to work on the issue jointly. “It is being proposed to bring slight changes in the price pooling model. There is a proposal that pricing (of imported coal) should be on the calorific value (of coal) among others,” a source close to the development told PTI.

Since the proposal is at a very nascent stage, not much can be said now about the changes in the mechanism, the source said. To offset the impact of high import costs, the Planning Commission had said that Coal India (CIL) should adopt a pooling formula on prices by combining rates of imported and domestic coal.

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