By Our Correspondent
NEW DELHI/BHUBANESWAR: Aligning with the vision of Prime Minister Shri Narendra Modi for attaining energy independence by 2047 and to ensure “Atma-Nirbharta (self-reliance) in coal”, the Union Minister of Coal and Mines, Shri G Kishan Reddy will launch the 10th round of Commercial Coal Block Auctions during the next week. The minister has directed that complete transparency and revenue maximization should be ensured.
During 10th round of auction, about 62 blocks are likely to be offered without end user restrictions. Coal produced from these commercial blocks is permitted to be sold by the allocattee in free market.
Commercial coal block auction was launched by the Prime Minister in June, 2020. Since then, during last 9 rounds, Ministry of Coal has successfully auctioned 107 coal blocks with 256 MT peak rated capacity.
So far, 11 commercial coal blocks have been operationalized. During last year 17.5 MT coal was produced from commercial blocks.
The ministry of Coal has developed coal block portal on PM Gatishakti National Master Plan, to facilitate proper visibility of geographical features for bidders.
