The Ministry of Coal is said to have cast doubts over the draft National Energy Policy, which favours aligning domestic coal prices with international rates. The lack of consensus between the Centre and the ministry has delayed the policy, which has been in the works at NITI Aayog, the government’s thinktank, for more than a year now.
The coal ministry’s opposition is said to be based on the fear that it would lose control over coal prices and would no longer be able to maximise profit for Coal India.
NITI Aayog’s National Energy Policy is aimed at curbing imports by increasing production of renewable energy in the country fivefold to 300 billion units by 2019 and tripling coal production to 1.5 billion tonnes. Coal imports are envisaged to come down by 10% by 2022 and by 50% by 2030.
“The draft National Energy Policy is ready and we have used the best possible inputs and the best possible expertise. We had extensive discussions will all secretaries and it will be uploaded shortly,” NITI Aayog CEO Amitabh Kant told a newspaper