New Delhi, Mar 29 (PTI) Coal India has planned several meetings with its customers to address their concerns over the new pricing policy which is coming into force from the first week of April, its chairman Gopal Singh said. Also Read - Coal India MT Exam 2020: Admit Cards Out, Download From coalindia.in

Under the new policy, Coal India will charge on every unit of gross calorific value (GCV) of the dry fuel, doing away with the grade policy at present. Also Read - CIL MT Recruitment 2019: Notification Released For Application in 1326 Management Trainee Posts, Check Eligibility, Selection Process

Power producers have raised concerns that the new pricing policy may increase the cost of power production as it does not take into account the weight of moisture in coal. Also Read - Coal India Announces Recruitment Drive to Fill 9,000 Vacancies: Report

“CIL considers all stakeholders before implementing the pricing policy. It has also called several meetings with the consumers to apprise them the benefits of the new policy that would be implemented in the first week of April,” Coal India Chairman Gopal Singh said.

“The objective is to bring transparency. It is a global practice and power producers are welcomed to highlight any issue. We are not in a hurry.” Indian captive power producers association, General Secretary Rajiv Agrawal said, “the billing will now onwards be actual gross calorific value (GCV) and it is a concern that they are not considering the moisture”. ABI MR MR

This is published unedited from the PTI feed.