Coal Allocation:Registrations will commence on Dec 25, 2014& interested bidders with end use plants could visit MSTC website for the purpose. Coal Auction process will comprise Techno–commercial bid for qualification & Financial bid for selection of successful bidder For other sectors Ascending Forward Auction’ will take place, where bidders will quote incremental bids above predetermined floor price E-auction of coal mines for qualified bidders will be held from February14, 2015 to February 22, 2015 Last date for receiving technical bids will be Jan 31, 2015 and list of qualified bidders will be placed on MSTC website on Feb 12, 2015 Coal Secretary, Anil Swarup: First 42 Blocks auction process to be completed by March 31, 2015. Cabinet clears the Coal Ordinance. 63 coal blocks out of 101 reserved for Power Sector.38 Blocks Will Go Towards Steel, Aluminum. States could get Rs. 3.5 Lakh Crores over 30 years from 204 cancelled blocks. Agreements for 22 Coal Blocks to be completed within week of auction; tender document to be released on Dec 27. 380 mt Can Be Mined From These 204 Mines. Surplus Coal To Be Sold To Coal India.Will Come Out With Guidelines For Swapping Of Mines,Each mine to have a separate tender document.In all 101 blocks are likely to be auctioned by March 31. 380 mt Can Be Mined From These 204 Mines. Floor Price To Be Based On Net Present Value Of Mines. Coal producing States to get 700000 crores in 30 years via auction, royalty
Posted on: Wed, 24 Dec 2014 08:47:55 +0000
Trending Topics
Recently Viewed Topics
© 2015