Industry

Coal Ministry to review status of formation of SPVs

The Coal Ministry had earlier asked states to advise the companies that have been allocated mines to either form special purpose vehicles or joint ventures for the projects.

The Coal Ministry will review the status of the formation of special purpose vehicles and joint venture companies, among state government firms which have been jointly allocated coal blocks, in a meeting on Feb 20. The Additional Secretary will hold the meeting with the representatives of the state government, sources said.

The Coal Ministry had earlier asked states to advise the companies that have been allocated mines to either form special purpose vehicles or joint ventures for the projects.

Kick-starting the process of coal blocks allocation, the government had last year allocated 17 coal mines; 14 to power and three to mining-based public sector undertakings (PSUs). Of the 14 blocks alloted to power PSUs, four were alloted to NTPC.

Other power PSUs that were allocated mines included Neyveli Uttar Pradesh Power Ltd, Odisha Thermal Power Corp, Jammu & Kashmir State Power Dev Corp, Chhattisgarh State Power Gen Co Ltd, Andhra Pradesh Generation Co, Maharashtra State Power Generation Co, Rajasthan Vidyut Utpadan Nigam and Punjab State Power Corp Ltd.

Three blocks were allotted to mining PSUs including Jharkhand State Mineral Development Corp and MP State Mining Corporation Ltd.

A letter from the Editor


Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jun 1, 2020 12:44:21 PM | https://www.thehindu.com/business/Industry/coal-ministry-to-review-status-of-formation-of-spvs/article5680867.ece

Next Story