Govt most likely to begin with the process of commercial coal mine...

Govt most likely to begin with the process of commercial coal mine auction

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coal mine auction
Government may soon start process of commercial coal mine auction

The Central Government may soon start the process of commercial coal mine auction as it waits for feedback on the  discussion paper floated by the coal ministry.

The coal miinistry has almost identified the coal blocks for the purpose, said the Power, Coal, Mines and New and Renewable Energy Minister, Piyush Goyal in a conference of coal quality.

These mines will not have any restriction on the end use of the dry fuel.  Besides, the private miners will have freedom  to manage production, pricing and marketing strategy.  Mr. Goyal further said there will be big as well as small blocks for commercial mining of coal.  The public and other stakeholders have been asked to submit their comments and suggestions on the draft discussion paper by April 26.

As a first step, there may be auction of 2-3 large mines with peak rated capacity of  around 30 million tonnes per annum.  As far as public power generators are concerned, the coal imports will be zero by 2017-18.  The coal imports have already come down by 60 per cent for central power generators and by 37 per cent in
the case of state generation companies.

Source: india.com

Image source: Liddell Coal

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