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India set to open coal mining to private sector: Official
Language : hindi
Business . Difficult
24-02-2016 16:42:49 .
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 India is set to open up commercial coal mining to the private sector towards boosting the country's energy self sufficiency, the government said on  Wednesday. 
 
"India is all set to open up commercial coal mining to the private sector with the aim of shifting world's third largest coal importer towards energy self sufficiency, Coal Secretary Anil Swarup told reporters on the sidelines of the 6th Asian Mining Congress here organised by the Mining, Geological and Metallurgical Institute of India. 
"Bids are already open for the states and private sector shall soon follow, he added in this regard. 
He also said the Uday Discom Assurance Yojana (UDAY) discoms' debt restructuring scheme for state run power distribution companies is one of the solutions to tackle the surplus production of state miner Coal India, which stands at 40 million tonnes. 
"Once financial position of the discoms improve with UDAY scheme they will draw more power which in turn will lead to higher demand for coal in six months, Swarup said. 
"We are trying to supply more coal to power companies and trying to ensure that import demand from  the companies in the hinterland is replaced with domestic supplies, the secretary said. 
"We must ensure that coal imports come down with the  increase in domestic production. This will also help government save lot of  money, he added. 
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restructuring distribution sufficiency production hinterland government commercial solutions sidelines secretary
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