Coal India Limited (CIL) has recently awarded its discontinued underground mines to private players to be operated under a revenue-sharing model (RSM).
About Revenue-sharing model:
- The RSM is a flexible Public Private Partnership (PPP) model that enables companies to share their financial profits or losses with the government, differing from Production Sharing Contracts (PSC) where profits are shared after cost recovery.
- This model was influenced by the Hydrocarbon Exploration Licensing Policy (HELP), launched to provide a uniform licensing system for all hydrocarbons, including oil, gas, and coal bed methane, replacing the PSC model of the earlier New Exploration Licensing Policy (NELP).
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