Odisha mulls floating new PSU for coal blocks auction


Posted on 3rd Jan 2015 05:11 pm by ram kishor

Bhubaneswar, Jan 2 (IANS) The Odisha government is planning to float a separate coal mining company to participate in the e-auction of coal blocks. It hopes to get at least 12 coal blocks in the state, Energy Minister Pranab Prakash Das said Friday.

"There is a proposal to float a separate coal mining Public Sector Undertaking(PSU), a fully owned subsidiary of Odisha Mining Corporation(OMC). However, the final decision is yet to be taken," Prakash Das told IANS.

According to a state steel and mines department official, the company would bid for at least 12 coal blocks with a total reserve of 6,800 million tonnes located in the state. It will give a big boost to power generation in Odisha.

The new PSU may form joint ventures with various central government mining PSUs to develop the allocated coal blocks professionally.

The government is eyeing Manoharpur and Dipside Manoharpur, New Patrapada, Machhakata, Mahanadi, Baitarani East, Baitarani West, Naini, Chhendipada I, Chhendipada II, Rampia and Dipside Rampia coal blocks.

The coal blocks are necessary as the state government has lined up power projects to generate 14,220 megawatt (MW) in the state PSU sector and 37,220 MW by Independent Power Producers (IPPs), the official added.

During 1992 to 2010, the state was allocated 30 coal blocks for various state-owned PSUs and private companies. However, the Supreme Court de-allocated the blocks while de-allocating 204 coal blocks in the country.

-- Indo-Asian News Service
cd/sd/bg

0 Like 0 Dislike
Previous news Next news
Other news

Sonam Kapoor: Sonam Kapoor and Anand Ahuja threw a party for David Beckham, and all the stars attended

Bollywood actress Sonam Kapoor and her husband Anand Ahuja threw a lavish party for famous footba

Bade Miyan Chote Miyan: This video of 'Bade Miyan Chote Miyan' released before the trailer, created a stir on social media

Akshay Kumar and Tiger Shroff's film 'Bade Miyan Chhote Miyan' is going to be released in just a

Apple can make AirPods 3 and Apple Music Hi-Fi Tier colonic tomorrow, know details

Rumors about Apple AirPods have been going on for a long time and now Apple can launch it in an e

From tomorrow, people above 45 years of age will get Corona vaccine, get registered like this; know the whole process here

New Delhi, Agencies. Vaccination continues amid the growing threat of the coronavirus in the coun

POCO M3 Pro will knock on this day in India, these features will be available in the company's first 5G phone

Chinese smartphone company Xiaomi's subbrand POCO is going to launch its first 5G smartphone in I

Natarajan's claim on Vedanta sparks debate in Odisha

Bhubaneswar, Jan 30 (IANS) Former union minister Jayanthi Natarajan's claim that Congress vice-

BCCI will earn thatch: Amazon and Reliance may clash again over IPL broadcast rights, the bid may go up to 40 thousand crores

There has been a lot of competition between Amazon and Reliance Industries regarding investment i

The way for IPL 2021 cleared, changes in the schedule of CPL on the demand of BCCI

IPL 2021: There is good news for cricket fans. The biggest hurdle in organizing the remaining mat

Aryan Khan Drugs Case: Aryan Khan to remain in jail till October 20, the court reserved verdict on bail today

Drugs Case: Aryan Khan, son of Shahrukh Khan, arrested in the cruise drugs case, will have to rem

Corona: Decreasing infected, increasing deaths, shocking new trend of third-wave riding on Omicron

There is a steady decline in the number of new corona infections found daily in the country, but

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash