Friday, January 16, 2015

Current Coal mine owners to benefit


The phases : Govt to conduct two-phase bidding (technical & financial)
End-use : The successful bidder to meet criteria like status of end-use plant, its proximity to the mine and amount of coal needed
No loss : The end-use projects with captive mines likely to get what they had lost
Ahead in race : Earlier owners ready to jump in the race are hopeful of getting back their mines
Protecting money : Stakeholders are hopeful the govt will not let investments in end-use projects go
waste
Damage control : Power-generation capacity of 28,000 MW has been affected by cancellation of coal blocks. The govt. step is highly laudable.

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