CoalMin to review status of formation of SPVs

Tags: News
The Coal Ministry will next week review the status of the formation of special purpose vehicles and joint venture companies among state government firms which have been jointly allocated coal blocks.

The Additional Secretary will hold the meeting with the representatives of the state government, sources said.

"Ministry of coal will hold a meeting on February 20 to review the the status of formation of special purpose vehicle/ joint venture company amongst the State Government Companies/ Corporations, those who have been allocated coal blocks jointly for end-use, power as well as for mining," said a source.

The Coal Ministry had earlier asked states to advise the companies that have been allocated mines to either form special purpose vehicles or joint ventures for the projects.

Kick-starting the process of coal blocks allocation, the government had last year allocated 17 coal mines -- 14 to power and three to mining - public sector undertakings (PSUs).

Of the 14 blocks alloted to power PSUs, four were alloted to NTPC.

Other power PSUs that were allocated mines included Neyveli Uttar Pradesh Power Ltd, Odisha Thermal Power Corp, Jammu & Kashmir State Power Dev Corp, Chhattisgarh State Power Gen Co Ltd, Andhra Pradesh Generation Co, Maharashtra State Power Generation Co, Rajasthan Vidyut Utpadan Nigam and Punjab State Power Corp Ltd.

Three three blocks were alloted to mining PSUs like Jharkhand State Mineral Development Corp and MP State Mining Corporation Ltd.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture