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The project would use coal from the Ezinmo Coal Block in Enugu, according to an MoU signed between the Ministry of Mines and Steel Development and Power and HTGPacific Energy Consortium. Enugu is the site of where the Nigerian Coal Corporation (closed by the Federal Government in 2005), engaged in decadeslong mining that left the area in a ...
Nov 23, 2012· The Coal Ministry has decided to implement the findings of the InterMinisterial Group (IMG) and deallocate four coal blocks given to 15 companies .
Looking to get over with the auction and allocation of the major coal blocks before the end of the Budget Session that begins on February 23, the government today started the process for the re ...
The latest scam that has come out is the Coal Mining Scam in which Government has had a presumable conservative loss trillion (short scale), due to the delayed implementation of competitive bidding process for allotment of coal blocks, says the CAG.
Sep 26, 2012· Facing criticism for not acting on the recommendations of the InterMinisterial Group (IMG) for deallocation of coal blocks, the Coal Ministry on Wednesday decided to cancel six more coal blocks .
Ministry for coal price pooling to mitigate any SC deallocation . In a move to deal with the situation following the Supreme Court verdict holding allocation of coal blocks since 1993 as illegal, the Power Ministry in a cabinet note has proposed pooling of imported and domestic coal for deciding the price of fuel for plants commissioned after 2009.
New Delhi: The first round of auctions for five coal blocks that were offered over the weekend in the first phase saw aggressive bids from project developers, bolstering the national auditor''s ...
Aug 04, 2015· The Delhi High Court today sought the Centre''s response on a plea by Reliance Power (RPower) and its subsidiary Sasan Power Ltd against the government''s decision to cancel allocation of a coal ...
Mar 22, 2012· The agency alleged that both SPL and GSIPL misrepresented the facts to the Coal Ministry but the Screening Committee, which used to recommend for allocation of coal blocks to the shortlisted applicant companies, in its meeting held on 13 September 2007, had recommended allocation of Amarkonda Murgadangal coal block jointly to these two firms.
The coal produced from the block shall not replace any coal linkage given to the applicant by the Coal India Limited/its subsidiary companies and/or by the Singareni Ministry. ii) The block is meant for captive use in their own specified end use projects or that of associates/end use company (ies) in case of a mining company.
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Delhi HC allows three firms to withdraw bids in coal block auction ... and Jaiprakash Power Ventures Ltd—to withdraw their bids in an auction of coal blocks and secure a refund of the bidding ...
Mar 10, 2019· The Centre has cancelled the sixth and seventh rounds of coal mines auction under which it was planning to put on sale 19 blocks. However, the government did not specify the reasons for .
Coal blocks allotted to big firms may be scrapped,JSPL ... the CBI naming Aditya Birla Group chief Kumar Mangalam Birla and former coal secretary PC Parakh in its 14th FIR in the blocks allocation case,the coal ministry is preparing to cancel the allotment of some mega ... Download the Indian Express apps for iPhone, iPad or Android. news.
Nov 22, 2013· The ministry has been facing intense flak over alleged irregularities in allocation of coal blocks since 1993. The coal ministry on Thursday decided to deallocate 11 captive coal blocks including three mines of Jindal Steel and Power, besides forfeiting the bank guarantees of six firms .
New Delhi, May 27 (PTI) With the disconnect between the departments of power and coal stalling major projects, Prime Minister Narendra Modi''s idea of bringing the two under one minister is likely ...
NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and is promoted by the Government of headquarters of the company is situated at New Delhi. ...
These blocks were given out through eauction by the earlier NDA government after the Supreme Court judgment cancelled 204 coal mine allocations in 2014. Of the 85 firms awarded through four tranches of auction, 29 were already producing coal when their licences were cancelled.
Mar 17, 2017· Principal Secretary (2014) 9 SCC 516), the Ordinance and the Rules came to be enacted to inter alia determine the manner in which the deallocated coal blocks were to be auctioned. The Act and the Rules also provided for manner and quantum for determination of compensation payable to the prior allottee of the cancelled coal blocks.
Aug 28, 2019· Captive coal blocks produced only million tonne (MT) in FY19, much lower than the peak output of MT in FY15 when the Supreme Court had cancelled the licences of 204 such coal .
Coal Block Auction Norms eased to sell coal blocks Published on Nov 20,2018 Steel ministry suggest coal block auction even with less than three bidders Published on Sep 28,2018
Govt may cancel coal mine in Jharkhand allotted to Essar Tokisud North mine, having geological reserves of million tonnes (MT) and extractable reserves of MT, was bagged by Essar ...
The list of these 6 coal blocks is attached to this order as Annexure 2. 6. Therefore, the affidavit is quite clear that 40 coal blocks are already producing coal and 6 coal blocks are in a position to produce coal virtually with immediate effect. The question is whether the allotment of these coal blocks should be cancelled or not. 7.
Coal blocks allocated to power and steel companies over the past two decades are now being taken back from these firms after the Comptroller Auditor General (CAG) of India pointed out largescale irregularities in allocation and development of these coal blocks. Earlier this month, the InterMinisterial Group (IMG) recommended cancellation of 28 coal blocks.
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