"Coal India is unable to sell more coal. Evacuation of coal is a problem as we are unable to stock further. I have talked to Coal India chairman and discussed how to liquidate the coal stock," Union Power and Coal Minister Piyush Goyal said here.
"I have said get this coal out so that production does not fall," he said at a function organised by the Indian Chamber of Commerce.
The Minister indicated that he would not mind if price of pithead coal was reduced to liquidate the stock, but added that he does not want to intervene in the pricing decision of CIL.
Of this, CIL is expected to produce one billion tonnes, but production may be affected if there is lacklustre demand of coal from the industry.
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The minister said he was able to reduce stress in the power sector by resolving issues facing thermal power plants with 30,000 MW capacity.
Goyal said that government was working on structural and fundamental changes in the economy.
Speaking about the cancelled fourth round of coal mines auction, the Minister said he would wait till market sentiments revived.
Regarding the power sector, he said the 'Uday' scheme will solve the problems facing state discoms.
Appealing youths in Pune, Goyal said being an intellectual
city, entrepreneurship and technology hub and epicentre of education, Pune has the potential to become thefirst city to go 100 per cent cashless by adopting e-payments options.
"I was speaking to youths today and an idea came into the mind that why we should not form an action committee for digital payments and set up a target of 15 days to go about the transformation.
"Through this action committee, youths can reach out to the society and arrange camps and help small traders, merchants, small time vendors and shop keepers to adopt digital payment options which are available in the market and lead towards the first 100 per cent cashless city," he added.