After the auction of 19 coal blocks, power consumers stand to gain over Rs.30,000 crore over a period by way of a cut in electricity tariff, Power and Coal Ministry Piyush Goyal said here on Monday. According to official estimates, the auction of coal blocks will fetch over Rs.1 lakh crore, including royalty, to six States.
“The first round of coal block auctions for 19 mines will fetch the government over Rs.1.30 lakh crore, of which over Rs.30,000 crore will be savings from reduction in power tariff,” Mr. Goyal told reporters on the sidelines of an event.
