CCEA may discuss coal price pass-through mechanism tomorrow
The Cabinet Committee on Economic Affairs (CCEA) may take a call on coal price pass-through mechanism tomorrow. “The CCEA may take a call on coal price pass-through mechanism tomorrow,” a top Coal Ministry official said. Under the proposed pass-through mechanism, the entire additional cost of imports would be passed on to the consumers as against the averaging of prices of imported and domestic coal under the earlier planned price-pooling mechanism. The government had buried a proposal to pool prices of imported and domestic coal to make the fuel affordable to new power plants, owing to sharp opposition to the scheme. The government is mulling import of the fuel as Coal India Ltd (CIL) will supply 65 per cent of the requirement from domestic sources and another 15 per cent can be provided from overseas market.