48 Orders issued so far under Commercial Mining
The Ministry of Coal has recently issued allocation Orders for three more coal mines under the commercial coal mining.
Representatives of successful bidders received allocation orders from Additional Secretary (MoC) & Nominated Authority, Mr. M. Nagaraju stated in an official release from the ministry of coal.
During his address Additional Secretary & Nominated Authority emphasized on participation of the private sector for contributing towards energy security. He also requested successful bidders to complete development of the coal mine as per efficiency parameters. The cumulative production capacity of these three coal mines comes to 3.7 Million Ton per annum (MTPA) and Geological Reserves of 156.57 MT.
These mines are expected to generate an annual Revenue of Rs. 408 crores and will attract Capital Investment of Rs. 550 crores. It will provide employment to 5000 people, said the release. With the allocation of these coal mines, allocation orders have been issued for 48 coal mines so far with cumulative PRC(peak rate capacity) of 89 MTPA under commercial mining.