Allocate identified coal blocks for UMPP in Chhatisgarh: PFC

Sanjay Jog
Posted: Saturday, Aug 16, 2008 at 0020 hrs IST
Updated: Saturday, Aug 16, 2008 at 0020 hrs IST

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Mumbai, Aug 15: Power Finance Corporation (PFC), the nodal agency for developing ultra mega power projects (UMPPs) through special purpose vehicles (SPVs), has called upon the coal ministry to allocate identified coal blocks for the proposed UMPP in Chhatisgarh. PFC has established a wholly-owned subsidiary—Akaltara Power Limited—to take all the necessary initial actions for facilitating development of 4000-mw UMPP in Chhattisgarh. This SPV, along with all clearances and allotments, would be transferred to the successful developer selected through the tariff-based international competitive bidding (ICB).

According to sources, coal ministry has recently earmarked Parsa East, Kente Basan, Pindrakhi and Puta Parogia coal blocks in Hasdeo Arand coal fields in Chhattisgarh to be considered for the allocation for power projects, which will be set up on tariff-based competitive bidding as per guidelines of power ministry.

PFC has therefore requested the coal ministry to allocate these identified coal blocks for the propopsed Chhattisgarh ultra mega power project. It has also requested that Central Mine Planning & Design Institute Limited (CMPDI) may be advised to make available geographical reports (GRs) and all other data of these coal blocks to APL.

PFC’s plea comes after the finance minister P Chidambaram and power minister Sushilkumar Shinde recently took the review of implementation of various UMPPs including Sasan, Mundra and Krishnapatnam, which have already been awarded to private developers and also of the upcoming UMPPs planned in Chhatisgarh, Maharashtra and Orissa.

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