PricewaterhouseCoopers will assist Coal India Ltd to develop a pact for supply of imported coal for power firms entering into fuel supply agreement with the state-owned firm, a CIL source said.
The government is expected to soon announce a mechanism for price pooling of coal - blending the cost of domestic fossil fuel with the imported one to offset high price, sources said.
Racing against the month-end deadline to ink the fuel supply pacts, Coal India (CIL) has shot off reminder letters to the state governments seeking their views on price-pooling mechanism.
CNBC-TV18 reports that the PMO has directed power companies to ink FSAs by November 15.
West Bengal along with Orissa and Chattisgarh are opposed to price-pooling in coal, a top official of the West Bengal Power Department said today.
CNBC-TV18's Amrita Panja reports on Coal India's ultimatum to power companies to either agree to price-pooling or 65% supply.