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Congress taunts over coal imports from Adani

Congress taunts over coal imports from Adani

The Congress on Monday said the Centre's decision to mix foreign coal with domestic coal is a unique 'Friend Benefit Model' designed to benefit the Adani Group. Congress spokesperson Gaurav Vallabh “The Mitra Benefit Model has three phases – first: asking all coal-fired power plants in the country to import 10 per cent foreign coal, second: tendering to Adani to import 2.416 coal worth Rs 4,035 crore , in which coal is being imported at Rs 16,700 per tonne, third: Purchase of this coal from the power plant at Rs 20,000 per tonne. On the other hand, domestic coal from Rs 1700 per tonne to Rs 2000 per tonne available between If foreign coal is bought at 8 to 10 times higher price. This can lead to a huge increase in electricity prices in the country. Vallabh said, “What an idea! You are pressurizing states and power companies to buy costly coal from Adani and here it can be seen how institutions are being used for the benefit of your friend.

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