Strategy to Develop Coal Block Allocated to CPSEs
PTI reported that a parliamentary panel has suggested to ministries of power and coal to chalk out a plan and set up special purpose vehicle under each central public sector undertaking mainly in the power sector to develop coal mines. Parliamentary Standing Committee on Energy stated in its 18th report tabled in Parliament “The committee desires that both the ministries, power and coal, should work in tandem in this matter and jointly formulate a strategy and evolve a specialised mechanism or a Special Purpose Vehicle within the ambit of each such CPSU who have not been able to develop and utilise these earmarked coal blocks.”
Since the development of coal blocks and mining is a complex matter requiring expertise not entirely available with the CPSU, the committee would urge the Ministry of Coal also to step in and try to do handholding of the CPSUs who have been allocated coal mines but are unable to develop and utilise them, it stated in the report. It noted a total of 65 coal blocks have been allocated to power sector under various Acts.
Out of 65 coal blocks, 16 having geological reserve of 9,028 million tonnes and peak rated capacity of 152 million tonnes per annum have been allocated to central power sector public sector undertakings. The PSU-wise breakup of allocated coal blocks is: 10 to NTPC, 2 to DVC, 1 to THDC and 3 to NLC. However, it stated that out of these 16 coal blocks allocated to CPSUs, only 5 have reached the stage of production so far.