The allocation of coal blocks through e-auction is likely to take place in December as the Ministry of Coal has started preparing for the auction.
Tag: coal blocks
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NLC to acquire multiple power projects
Neyveli Lignite Corporation (NLC) is examining a number of power projects on offer to scale up its generating capacity rapidly. B Surender Mohan, Chairman and Managing Director, NLC, said it is examining nine projects, where the promoters have showed interest in letting NLC acquire the projects.
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Govt asks SC to spare 46 coal blocks
The government has urged the Supreme Court to spare 46 coal blocks - 40 functional ones and six which are ready to start operations - out of the 218 declared illegal in a judgment on 25 August.
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Coal ministry amends bidding document on 3 blocks
The Coal Ministry has made amendments in certain clauses of the bidding document pertaining to the three coal blocks put for auction. The development follows the bidders raising concerns on various issues with regard to the mines put up for sale.
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Notices to 12 firms
Twelve companies received show cause notice from the union coal ministry for not developing the allocated coal blocks within the stipulated timeframe.
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Odisha govt seeks status of end-use plants
The mining department of Odisha government asked the developers of Rampia and Mandakini A coal blocks to submit status of the end-use power plants. The above two blocks are allotted to captive miners who are developing power plants. While Rampia coal block is allotted jointly to Sterlite Energy, GMR Energy, ArcellorMittal India, Lanco Group, Navbharat Power and Relia
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Govt offered 17 blocks to PSUs
The government offered 17 coal blocks for allocation to government companies and identified six more explored coal blocks to allocate to private sector through competitive bidding. The government said this in its 'Report to the People' released by Prime Minister Manmohan Singh and Congress President Sonia Gandhi on the fourth anniversary of UPA-II
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Raw material security a challenge
While IndiaÂ’s infrastructure investment is likely to provide a boost to steel demand over the long term, there could be challenges to the raw material availability. Iron ore related uncertainties could be sorted out in the medium to long term,
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Govt mulls SPV for developing coal blocks under PPP
According to a blueprint prepared by the finance ministry, a special purpose vehicle (SPV) would be created for developing coal blocks in the country on public private participation (PPP) model. The government has identified 10 cluster blocks for development under PPP model and the SPV would be set up for each of these
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Experts suggest govt to amend Coal Mines Act
Experts suggest the government to make amendments in the Coal Mines (Nationalisation) Act in order to allow coal miners to supply surplus coal in the market instead of selling it to Coal India (CIL).