translate into lesser rise in cost for the economy.
To allay apprehensions among the power producers, Haldea assures that there is no need for securing formal concurrence of the coal-bearing states as his proposal would not violate the existing FSAs.
But stakeholder consultations should be ensured after ‘in-principle’ approval to the dual pricing proposal.
The proposal would require Cabinet approval before being operationalised, he adds. The proposal also envisages diverting 1.25 per cent or 5 MT coal from e-auction for sale at IP price. “CIL would be free to divert additional quantities from e-auction for supply at IP price and the PSU may retain the revenues generated from this exercise,” it says.