The government is actively considering allowing Coal India’s subsidiaries to fix their own coal prices for their own consumers.
Both coal minister Pralhad Joshi, as well as power minister R K Singh, indicated recently.
“There is already a situation of surplus coal because of infusion of renewables and all the coal companies are sitting on stocks. So, if all the Coal India subsidiaries are made independent, they will compete with each other. (Then) I see the price of coal coming down. That will probably lead to a reduction in power prices,” power minister R K Singh said during a webinar while interacting with heads of several private sector power companies.
“I see the price of coal coming down. Both the coal minister and I are clear in our mind that there should be competition in the coal sector,” he added.
Coal minister has also indicated the same.
“We agree that coal subsidiaries should discover their coal price independently so that there is competition and efficiency is driven,” Joshi reportedly said.
この記事は Coal Insights の October 2020 版に掲載されています。
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