Union Minister for Coal and Mines Mr. G. Kishan Reddy, held a meeting with the officials of Coal Ministry to review the management of captive and commercial coal blocks.
The Minister stressed upon close coordination with all the stakeholders including State Government and Ministry of Environment, Forest and Climate Change for early resolution of the issues to ensure faster clearance so as to operationalize the allotted coal blocks in least possible time.
Highlighting the need for higher production of coal to reduce imports so as to achieve ‘Aatmanirbharta in coal’ Minister directed that necessary institutional strengthening may be supported at state level. All coal block allocattees should be facilitated on regular basis so that coal mines can be operationalized at the earliest.
So far, Ministry of Coal has allocated/ auctioned 161 coal mines with peak rated capacity of 575 MT. Out of which 58 mines have received mine opening permission and 54 mines are into operation.
Last year these mines have produced total of 147 MT of coal, which constitutes 15% of the total coal production of the country.
The captive/commercial coal miners are primarily large sized consumers including NTPC, West Bengal Power Development Corporation Limited (WBPDCL), Punjab State Power Corporation Limited (PSPCL), Karnataka Power Corporation Limited (KPCL), Vedanta, Hindalco, Adani, etc.
Therefore, higher production by these companies would ease out pressure on the demand of coal from CIL which will have cascading effect on the Auction prices of coal.
With higher production from captive/commercial coal blocks, the premium on auction will come down. Therefore, coal would be made available at cheaper rates to the different consumers in the country.