Centre to change 5 mines in Chhattisgarh for commercial coal auctions with 3 other new mines
Coal Minister Pralhad Joshi on Friday said the Centre has accepted the suggestion of the Chhattisgarh government to change five mines in the state put up for commercial coal auctions with three other new mines.
“The coal Ministry has accepted the suggestion of Chhattisgarh government to change five mines with other three new mines put under commercial coal auctions in the state,” Joshi said.
Presently, nine mines have been put up for commercial mines auction in Chhattisgarh.
Joshi, who is on a visit to Chhattisgarh, also met Chief Minister Bhupesh Baghel.
“The meeting was very positive, progressive and open-minded. We have discussed issues related to coal and other minerals in the state. Chief Minister has also given some good suggestions on DMF (District Mineral Foundation) and NMET (National Mineral Exploration Trust) on which we will consider positively,” he added.
During their meeting, it was also decided “to get a proposal by a committee comprising of Coal India (CIL), Chhattisgarh government and MAHAGENCO officials in 15 days for shifting of a railway line of Chhattisgarh East Railway Ltd (CERL).”
Under commercial coal mining, the state will fetch minimum Rs 4,400 crore revenue in a year and an additional minimum premium of Rs 2,000 crore.
It will also create around 60,000 additional jobs.
Besides, commercial coal mining will contribute around Rs 25 crore to the various DMF funds of the state which can be used for inclusive development of regions surrounding coalfield areas.
Adani Enterprises Ltd along with its wholly-owned subsidiary Gare Palma II Collieries Pvt Ltd (GPIICPL) has signed a pact with Maharashtra State Power Generation Co Ltd (MAHAGENCO) for the development and operation of Gare Palma Sector II coal mine. Adani group Chhattisgarh is one of the major private players of coal mining. Adani group has helped the nation in development by producing thermal power also by providing employment o local people.
MAHAGENCO had floated a tender for the selection of mine developer and operator for development and operation of Gare Palma II coal mine in March 2016. After a reverse auction, Adani Enterprises Ltd emerged as L-1 bidder.
The contract period will be for 34 years, including for mine development and final mine closure.
