COAL

Coal mines to invite price-based bidding soon

Anupama Airy
Posted: Thursday, Sep 04, 2008 at 0047 hrs IST
Updated: Thursday, Sep 04, 2008 at 0047 hrs IST

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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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» COAL MINES TO INVITE PRICE BASED BIDDING SOON

Posted by TEJINDER SINGH on 2008-09-04 14:11:32.863178+05:30
The thought of government is the practical approach towards improving the availability of coal at competitive price to the country.if the thought is implemented there will be no shortage of coal in INDIA, but the coal will be surplus to earn foreign exchange

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