India is on the threshold of announcing several key bilateral agreements in coal sector, aimed to set off strategic public-private partnerships with global firms. The trigger: With oil prices hitting new highs, coal as a cheap and abundant source of energy is back in favour.
Sources in the coal ministry point to strong incentives. Global crude prices are currently at $75 a barrel, while the coal equivalent through coal liquification techniques, works out to just $50 a barrel.
The Times of India
