Power ministry has a problem identification & solution mechanism, says Jyotiraditya Scindia
THE ministry of power has evolved an institutional mechanism for identifying problems and finding solutions, minister of state (independent charge) for power Jyotiraditya Scindia said. Calling it 360-degree problem identification and solving capability, the mechanism includes bi-annual state power ministers’ meet, discussion with bank CMDs on a quarterly basis, constitution of an advisory group of industrialists and economists and regular meeting of Parliament consultative committee. “During the last three months, we had three parliament consultative committee meetings. The 360 degree mechanism includes meeting with financial institutions and private power producers on a regular basis,” Scindia said. Admitting that coal shortage is turning into a major problem for power producers, the minister told ET that his ministry could not address the problem alone. “We are finalizing the policy of price-pooling of coal which has already received Cabinet’s in-principle approval. I myself had two meetings with Union finance minister, and various options are being worked out,” Scindia said. “The CCI (cabinet committee on infrastructure) will soon take up the proposal,” he said.