Coal News We love to talk!

NOV 30 2015

Coal auction: Government to meet potential bidders this week

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 30th NOV 2015

Taking forward the process of fourth round of coal mines auction, the government has organised a pre-bid conference this week in which the queries of the prospective bidders would be clarified.

The government had earlier this month kick-started the process for the fourth tranche of e-auctioning of eight coal blocks.

"...the pre-bid conference for fourth tranche of e-auction of coal mines is scheduled to be held on December 4, 2015," a Coal Ministry memorandum said.

The Coal Ministry further requested other ministries, including steel, to nominate their representatives to participate in the conference.

The next round of mines auction is slated to be held between January 18-22 next year.

The last three rounds of auction have generated proceeds of more than Rs 3 lakh crore, which would be realised over 30 years by states where the mines are located.

The eight mines to be auctioned in the fourth round would be for non-regulated sectors like iron and steel, cement and captive power plants, the government had earlier said.

The coal blocks to be put under the hammer include Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extn in Maharashtra and Jaganathpur A and Jaganathpur B in West Bengal. The Supreme Court in September last year had cancelled allocation of 204 coal mines to companies without auction.

Tags

Madhya Pradesh Maharashtra Jharkhand West Bengal Captive Coal Coal Mines Power CAPTIVE

Related News

  • Green Investment Bank, Oman SGRF eye stake in Leap Green Energy  Read more
  • PM Narendra Modi may step in to resolve wrangling on NITI Aayog's proposed National Energy Policy  Read more
  • Boosting solar power: Tenders gather pace as NTPC, SECI bid for 750 MW  Read more
  • Discoms can meet green power quota  Read more
  • Maharashtra: In the matter of Petition filed by Shriniwas Engineering Auto Component Pvt. Ltd. for seeking redressal against MSEDCL for availing Open Access through IEX  Read more
  • Tangedco told to pay dues to PPN Power  Read more
  • Govt lets Reliance Power mortgage Sasan coal blocks to lenders  Read more
  • IDFC PE buys 15% stake in Diliigent Power project  Read more
  • Reliance discoms BSES Yamuna and Rajdhani yet to get comfort letter  Read more
  • States opt for de-allocation of costly power  Read more