The NDA Government on Thursday Dec 25,2014 launched the e-auction portal for coal mines.
The portal for registration has started functioning from today while
the tender documents will be released on December 27,2014
The government has approved re-promulgation of the coal ordinance and necessary guidelines for mine allocations and said the coal-rich states stand to earn Rs 7 lakh crore over the next 30 years.
These states include Odisha, Jharkhand and West Bengal, which account for most of the 204 coal blocks whose allocations were cancelled by the Supreme Court and the government is now re-allocating them -- through auction or direct allotments
Coal and Power Minister Piyush Goyal has tweeted, "Launched the e-auction portal for coal mines enabling registration of bidders today".
The e-auction process would start with 24 coal mines.This will include 7 for the power sector, 16 for other end-use steel and cement plants as also captive power units, and one mine for steel.
The government has approved re-promulgation of the coal ordinance and necessary guidelines for mine allocations and said the coal-rich states stand to earn Rs 7 lakh crore over the next 30 years.
These states include Odisha, Jharkhand and West Bengal, which account for most of the 204 coal blocks whose allocations were cancelled by the Supreme Court and the government is now re-allocating them -- through auction or direct allotments
Coal and Power Minister Piyush Goyal has tweeted, "Launched the e-auction portal for coal mines enabling registration of bidders today".
The e-auction process would start with 24 coal mines.This will include 7 for the power sector, 16 for other end-use steel and cement plants as also captive power units, and one mine for steel.
The Coal Mines (Special Provisions) Bill that sought to replace an
earlier ordinance was passed by the Lok Sabha in the winter session but
did not come up for discussion due to disruptions in the Rajya Sabha.
Coal minister Piyush Goyal said
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