4/3/15, "Modi looks to double coal production by 2020," asia.nikkei.com, Rosemary Marandi and Kiran Sharma, New Delhi
"Prime Minister Narendra Modi's government aims to double
Indian coal production to 1.5 billion tons by 2020. India needs more
fuel to meet rapidly growing demand for electricity.
The Coal Ministry plans to auction 204 coal blocks that
the Supreme Court canceled last year. These blocks have the potential to
produce 800 million to 900 million tons of coal and generate revenue of
about 7 trillion rupees ($121 billion).
Coal
Secretary Anil Swarup is leading the auctions, which started in January.
"In the first two rounds, 67 out of the 204 coal blocks have been dealt
with."
The 67 blocks are expected to generate
about 3.35 trillion rupees in revenue for state governments over the
next 30 years. "Besides, there will be 690 billion rupees worth of
reverse benefits in the form of [electricity] tariffs," Swarup told the
Nikkei Asian Review.
"So far, we have had two rounds
of bidding and one round of allotment," he said. "The third round will
commence in the third week of April for another 16 blocks." In the
previous rounds, he added, 38 blocks were allocated to state-run
companies, including energy enterprise NTPC and the Steel Authority of
India."...via Hockey Schtick
.
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