News and analysis of the Indian Coal Sector which is an integral part of Indian Power Market
Friday, May 6, 2011
Coal Block De-allocation due to non action
The Coal Ministry took a decision to de-allocate 14 coal blocks and 1 lignite block awarded to public sector companies like NTPC and DVC, besides 3 private firms, over their failure to develop the same for captive use, an official said. “The ministry is going to de-allocate 15 blocks, including five allotted to National Thermal Power Corporation (NTPC). These firms were allotted 14 coal blocks and one lignite block in 2007, but failed to explore and develop the same despite showcause notices,” a senior Coal Ministry official"
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