India, July 21 -- The Government of India issued the following news release:
The coal is kept under the Open General License (OGL) and consumers are free to import coal from the source of their choice as per their contractual prices on payment of applicable duties. The steps taken by the Government to reduce coal import dependency are as under:
The Annual Contracted Quantity (ACQ) has been increased upto 100% of the normative requirement, in cases where ACQ was either reduced to 90% of normative requirement (non-coastal power plants) or where ACQ was reduced to 70% of normative requirement (coastal power plants). Increase in ACQ would result in more domestic coal supplies, thereby, reducing import dependency.
Vide the amendment to the Non...