The state government has urged the Central government to reserve 70 per cent of coal blocks for the power sector. Gujarat energy and petrochemicals minister Saurabhbhai Patel in a meeting with Union minister for power Sriprakash Jaiswal urged the Central government that the present arrangement of allotting coal mines to state governments should be continued. [...]
With plans to have a generation capacity to the tune of a whopping 25,000 MW by the end of tenure of 12th planning commission, the Mayawati government has asked the Centre to come up with policies giving preference to the landlocked states while allocating coal blocks. For full story, click here
The coal ministry is considering a proposal to opt for a lump sum payment route for auctioning coal blocks to private companies, instead of production- and profit-share system being followed in case of handing out oil or gas concession acreages. For full story, click here
NTPC Ltd, country’s leading power generator, is looking at bagging coal assets abroad independently. Partha S Bhattarcharya, chairman, CIL, stated: This is a win-win situation for both the companies.The FSA which was introduced on account of the New Coal Distribution Policy issued in 2007, had already been given effect to all coal consuming sectors barring [...]
NTPC announced that it is planning to acquire coal blocks in Indonesia and Mozambique later this year to increase its generation capacity by 22,430MW in three years. R.S. Sharma, CMD of NTPC, stated: We are planning to acquire four blocks in Indonesia and two in Mozambique by the end of this year. Coal from these [...]
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