PSU NEWS
Centre backtracks on coal mining by pvt sector
KOLKATA. The Centre would stop importing coal for state-run power producers. It has also put on hold the plan to award blocks to the private sector.
With the abundance of coal and little demand, the government has decided not to import any coal for any state-run power PSUs (public sector undertakings) after the current contracts expire.
Poor demand has also made government go back on its earlier decision to award blocks to the private sector for commercial mining, coal secretary Anil Swarup said.
"We have done a very detailed analysis of how to handle imports and strategies related to power and non-power sector. In power sector, we have engaged with each of the PSUs. By 31st March, imports by PSU power utilities would be zero. There will no imports thereafter," Swarup said while addressing members of MCC Chamber of Commerce.
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