Under the Centre?s ambitious Coal-to-Liquid (CTL) project 22 companies including majors like Essar Oil Ltd, Steel Authority of India Ltd (SAIL), Gail India Ltd, Vedanta Aluminium Ltd and Indian Oil Ltd will make a presentation before the inter ministerial group (IMG) between September 29 and October 1.
Solar Industries Ltd, Essar Oil Ltd & Essar Shipping Ports & Logistics Ltd, SAIL and Jai Balaji Industries Ltd will make their presentations before the IMG on September 29.
RICON Infrastructures Ltd, Shri Ram Infrastructure and Power Ltd, GAIL and Sterlite Energy Ltd will also make their presentations the same day.
Vedanta Aluminium Ltd, Welspun Maytas Consortium, Adani Enterprises Ltd, Consortium of Indiabulls Energy Ltd & Sophia Power Company Ltd, JSW Steel Ltd, Strategic Energy Technology Systems Ltd and Anil Ambani-owned Reliance Power Ltd will make their presentations on September 30.
Another firm from the Anil Ambani stable, Reliance Infrastructure Ltd along with the Jindal Steel & Power Ltd, Bhushan Steel Ltd, Mukesh Ambani-owned Reliance Industries Ltd, GMR Infrastructure Ltd, Indian Oil Corporation Ltd and Vista Natural Resources Pvt Ltd will furnish point-wise brief and presentations before the IMG on October 1. The presentation is expected to delve on issues such as, whether the technologies proposed are commercially tested and proven and if yes, the details of the CTL plants where these technologies are used, their location, capacity, year of establishment, type of products being manufactured, type of coal being used and scale of operation at which technology has been proven.
The IMG will also see if the established technology can be adapted to suit the Indian coal characteristics, the rated capacity, coal requirement per annum for the proposed plant and any provision for future expansion.
The mining technology proposed for extraction of coal, conversion efficiency ratio in energy terms (from coal to liquid), project implementation milestones and timelines, level of emission of carbon and other pollutants in the process and plan for carbon capture, storage, sequestration or for earning carbon credit will be also taken up.
The companies will be expected to state their experience in executing large projects of this magnitude and process by which the net worth reflected in the application has been worked out.
The IMG will also want to know from the companies that if selected, would the applicants be prepared to offer a share in profits from the project to the government.