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New Delhi, Sep 3 : to the power ministry, these shortcomings can be overcome if coal blocks could be developed through independent mining companies through a transparent, competitive bidding process of arriving at a lowest price per tonne of coal, to be specifically used for power generation. Officials said under the Mines and Minerals Development Act, 1957, the government is already empowered to prescribe and administer such a process under sections 11(3) (e) and 11(4) of the Act.
“Designated end use, which is for the purpose of power generation, could be ensured by making the award of coal blocks subject to sale only to generation companies. Supply by an individual mining company could be to more than one power producer to ensure utilisation of the entire production for the designated purpose,” said a power ministry’s note....
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