Friday, 07 Oct 2011
BS reported that against the backdrop of the power ministry asking it to review the decision to deallocate NTPC five coal blocks the Coal Ministry has sought progress report from the state owned firm on development of mines.
A source in the Coal Ministry said that "Last month, the Ministry of Coal wrote a letter to NTPC and had asked the power major for the progress report on the coal blocks, including the development of the end-use plants for which the mines were allocated."
In August, Power Minister Mr Sushilkumar Shinde wrote a letter to Coal Minister Mr Sriprakash Jaiswal asking for a review of its deallocation decision. Earlier, the Power Secretary had requested the Coal Secretary to review the government's decision to deallocate the coal blocks and restore them to NTPC.
The coal ministry had deallocated five coal blocks of the country largest power producer, NTPC, over its failure to develop the blocks within the time frame stipulated in the production sharing agreement.
The five block are
1. Chatti Bariatu
2. Chatti Bariatu
3. Kerandari
4. Brahmani
5. Chichiro Patsimal were awarded to a joint venture between NTPC and state run Coal India.
The coal ministry had decided to deallocate mines awarded to companies that had failed to develop them in a time-bound manner on the recommendations of a panel that reviewed the progress made by steel, power, cement and other firms in developing 88 coal and lignite blocks allotted for captive use.
The coal ministry had cancelled the coal blocks of Damodar Valley Corporation, Andhra Pradesh Power Generation Corporation, Tenughat Vidyut Nigam, Bihar State Mineral Development Corporation and the Jharkhand State Electricity Board.
(Sourced from Business Standard)
BS reported that against the backdrop of the power ministry asking it to review the decision to deallocate NTPC five coal blocks the Coal Ministry has sought progress report from the state owned firm on development of mines.
A source in the Coal Ministry said that "Last month, the Ministry of Coal wrote a letter to NTPC and had asked the power major for the progress report on the coal blocks, including the development of the end-use plants for which the mines were allocated."
In August, Power Minister Mr Sushilkumar Shinde wrote a letter to Coal Minister Mr Sriprakash Jaiswal asking for a review of its deallocation decision. Earlier, the Power Secretary had requested the Coal Secretary to review the government's decision to deallocate the coal blocks and restore them to NTPC.
The coal ministry had deallocated five coal blocks of the country largest power producer, NTPC, over its failure to develop the blocks within the time frame stipulated in the production sharing agreement.
The five block are
1. Chatti Bariatu
2. Chatti Bariatu
3. Kerandari
4. Brahmani
5. Chichiro Patsimal were awarded to a joint venture between NTPC and state run Coal India.
The coal ministry had decided to deallocate mines awarded to companies that had failed to develop them in a time-bound manner on the recommendations of a panel that reviewed the progress made by steel, power, cement and other firms in developing 88 coal and lignite blocks allotted for captive use.
The coal ministry had cancelled the coal blocks of Damodar Valley Corporation, Andhra Pradesh Power Generation Corporation, Tenughat Vidyut Nigam, Bihar State Mineral Development Corporation and the Jharkhand State Electricity Board.
(Sourced from Business Standard)
Posts
No comments:
Post a Comment