Govt firms to surrender coal mines in 3-month from approval date
Tag: coal blocks
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Government generates Rs 1,748 crore from auction of 31 coal mines
The government has generated revenue of Rs 17,47.70 crore from the auction of 31 coal blocks.
“The revenue generated till January, 2017 from the auction of 31 coal mines is Rs 17,47,72,47,706,” Coal and Power Minister Piyush Goyal said in a written reply to the Lok Sabha.
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India to sell more coal mines in production push: Swarup
India will auction another eight coal blocks to private steel, cement and electricity companies in January, coal secretary Anil Swarup said, as it races to more than double output to 1.5 billion tonne.
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Government to auction 8 coal blocks to steel and cement companies
The government said it will auction eight coal blocks with 1,143 million tonnes of reserves to steel and cement firms. The last date for submission of bids will be December 31, coal secretary Anil Swarup said
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Govt invokes Electricity Act
The Union Ministry of Power has told the Central Electricity Regulatory Commission (CERC) to ensure the rates for power produced from auctioned coal blocks won by power producers do not exceed what was concluded in power purchase agreements (PPAs).
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Decoding the New Legislation
The current legislative framework in relation to eligibility with respect to coal mining in India is the Coal Mines (Nationalization) Act, 1973 (´CMN Act´). Under the CMN Act, nationalization of coal mines was completed in two phases.
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India is not short of coal
My initial focus is totally on the follow-up on the Supreme Court decision. The SC had cancelled the 204 blocks and we are now attempting through a legislation to see that at least in those 42 blocks where the SC had given time till 31st March, we have somebody in position to take over those mines.
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Spectrum model e-auction
The government is likely to issue at least a dozen sets of rules before starting the e-auction of coal blocks.
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Govt for e-auction of coal blocks
The government has cleared an ordinance for e-auctioning of coal blocks that enables commercial mining by private companies in future.
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Centre puts CIL’s 90 mining projects on fast track
The government has put 90 of Coal India's (CIL) nearly 150 greenfield and brownfield mining projects on the fast track, entailing an investment of around Rs 88,000 crore, in a bid to augment domestic coal supply quickly and ensure uninterrupted power.