A number of private power producers have welcomed the price-pooling mechanism for coal by the Coal India (CIL).
Many private producers have conveyed to CIL that they are happy with price-pooling mechanism, said an official from CIL.
To offset the impact of high import costs, the Planning Commission has said that CIL should adopt a pooling formula on prices by combining rates of imported and domestic coal. The West Bengal Government, however, has raised objections to price-pooling of coal and has intimated to CIL that such a mechanism is not acceptable to it.
CIL had recently sought comments from power producers and state governments on price pooling mechanism.
The State-owned firm has sought comments from those power plants that have come up after April, 2009 and will be set up till March, 2015, the official said.
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