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The report on coal banking policy would be submitted by the end of this month, said B.K. Chaturvedi, Member of Planning Commission, who is heading the panel.
However, public sector miner Coal India Ltd has expressed reservations over the scheme where it receives coal from private miners and commits itself to returning it to them in the future.
“They (Coal India) are a member of the group, when we submit the report we will finalise it together with them, we will submit the report by the end of this month,” Chaturvedi said on the sidelines of India International Clean Tech Summit organised by FICCI.
But, Coal India’s reluctance may create a hurdle in the implementation of the coal banking scheme.
The Association of Power Producers (APP), which represents 20 private power producers in the country, had suggested that Coal India should be the custodian of surplus coal. They estimate that nearly 25 million tonnes of extra coal would be produced by 2015-16.
Earlier, Coal India said it was ready to market the extra coal. However, it said it could not commit to returning the same volume of coal to the respective companies later.
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