Monday, May 2, 2011

No coal shortage. Think out-of-box, says NTPC chief - Money - DNA

No coal shortage. Think out-of-box, says NTPC chief - Money - DNA: "Coal shortage is the biggest impediment for power generators. How do you see this affecting the sector — and that includes you?
I want to ask a counter-question: Is the country facing coal shortage? There is none. The government has to find a way so that Coal India Ltd is able to meet the requirement of the country. After all, if there is a requirement of power and the only reliable fuel available in the country is coal, then it should be Coal India’s responsibility to ensure that it meets the requirement to match a GDP growth of 8-9%. And if it is not able to mine coal in the country, then it should import and sell to us at a pooled price."

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