Coal News We love to talk!
The Coal Ministry will begin issuing showcause notices next month to 30 captive mine allottees, including NTPC, Jindal Steel and Power, Tata Steel and SAIL, for delay in development of their respective blocks, sources said.
"Everything is ready and the Coal Ministry will begin issuing notices to 30 coal block allottees which include NTPC, SAIL and Tata Steel, in June, sources close to the development said.
An inter-ministerial group (IMG) took the decision on the same in its meeting this month, they said.
The developers would be given up to a months time to respond as to why their blocks should not get cancelled owing to delays in the development of their respective blocks.
Of the 30 blocks, for which showcause notices would be issued, four blocks belong to Jindal Steel and Powers Utkal B1, Ramchandi Promotional Block, Amarkunda Murgadangal and Urtan North (jointly with Monnet Ispat and Energy).
Pakri Barwadih and Talaipalli blocks allocated to NTPC and North of Akrapal block given to Tata Steel for coal-to- liquid project also fall in the list, the sources said.
Besides, three blocks Brinda, Sasai and Meral of Abhijeet Infrastructure, one block (Sitanala) of SAIL, one block (Tokisud North) of GVK Power (Goindwal Sahib) would also be issued notices, the sources said.
The crackdown is part of governments exercise to ensure that allotted blocks do not remain unproductive for long.
The proposed move is significant as last year countrys top auditor CAG in a report had estimated undue benefits to the tune of Rs 1.86 lakh crore to private players on account of coal blocks allocation to them without resorting to auction.
Earlier in a similar exercise, the government had issued show cause notices to 58 coal block allottees and de-allocated blocks of some developers. It also deducted bank guarantees for some others.
- Auctions make wind, solar energy projects cost-effective: Study Read more
- Cabinet clears extension of oil, gas production pacts signed before 1999 Read more
- Work for Indo-Bhutan hydropower projects of 3500MW to begin within next one year Read more
- AAP accuses Gujarat government, Torrent Power for high power tariff Read more
- India looks to boost energy ties with UK Read more
- MERC Notified the Draft MERC (Terms and Condition for Determination of Renewable Energy Tariff) (First Amendment) Regulations, 2016 Read more
- Extension of validity of the Renewable Energy Certificates Read more
- Jayalalithaa tries to untangle thermal power project knot Read more
- Pakistan, Turkmenistan accelerate TAPI gas pipeline preparations Read more
- Power transmission fails to attract investment Read more