Auction of Coal Blocks for Power Sector
The allocation of coal blocks would be made in pursuance of the provisions of the Coal Mines (Special Provisions) Ordinance, 2014 and the Rules made thereunder in a time bound manner to ensure that there is no disruption in supply of coal. This was stated by Sh. Piyush Goyal, (Minister of state (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Rajya Sabha today. As per the Ordinance, allocation of Schedule -II and Schedule -III coal mines is to be made for specified end-use. Necessary steps have been initiated to commence the process of allocation of coal blocks. Based on the recommendations of the Technical Committee constituted to formulate criteria and classify coal mines/coal blocks for auction and allotment, a list of coal blocks earmarked for auction and allocation with their specified end-use has been issued on 18-12-2014 and the same has also been uploaded on the web-site of Ministry of Coal. The Government has formulated an Approach Paper for auctioning of coal mines which includes the proposed time schedule of the bidding process. Approach Paper has been uploaded on the web-site of the Ministry seeking comments from members of the public and stakeholders concerned as a part of the process of public consultation, the Minister added.
RM/RS- USQ3154 - RS
distributed by
 | |
