Last Updated : 16 January 2013 at 20:25 IST
India to develop CIL Coal blocks through MDO: Minister
Modalities are being worked out in this regard, stated Sriprakash Jaiswal, minister of Coal
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NEW DELHI (Commodity Online): India government has proposed to develop some of the coal blocks under Coal India Limited (CIL) through Mine Developer and Operator (MDO).
Modalities are being worked out in this regard, stated Sriprakash Jaiswal, minister of Coal at the inaugural session of the 7th International Exhibition & Conference on Power Sector being jointly organised by the Ministry of Power and FICCI in New Delhi.
Minister has said that efforts are being made to enhance exploration for enlarging resource base for coal. As against an actual growth of 3.8% achieved in the XI Plan, CIL has been asked to target a growth of 7% during the XII Plan to ensure more availability of coal through domestic resources.
Regarding import of coal and price pooling, the minister said that a proposal to import coal with pooling of prices is suggested to bind over the current shortage situation but this needs to be studied in depth for a considered view as a number of state governments have expressed their reservation on the proposal.
The role of Coal India Limited in enhancing coal production in the country has been commendable.
From about 78 million tonnes at the time of its formulation, it has reached a level of about 436 million tonnes in 2011-12 and is envisaged to reach 615 million tonnes in 2016-17, minister noted.
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