Coal India will from
Monday price coal on gross heat value method – a globally accepted
pricing mechanism for the fuel. The new system is not likely to lead to any
significant change in the pricing, an official statement said.
“The ministry of coal is
migrating to gross calorific value based grading system for
non-coking coal from the existing useful heat value based system with effect
from January 1, 2012,” it said.
The statement said the new
system will incentivize quality improvement resulting in delivery of quality
coal to consume and commensurate revenue realization for coal companies.
The new system is being
introduced based on recommendations of Integrated Energy Policy and expert
committee on road map for coal sector reforms.
Source: Economic Times
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