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Construction : Web Exclusive | November 2012 | Source : Construction Update

IMG suggests de-allocation of 2 blocks

Citing their failure to develop the coal blocks within the stipulated timeframe, the Inter-Ministerial Group on coal recommended de-allocation of the blocks allotted to two government firms.

The allocatee of the blocks are Chhattisgarh Mineral Development Corporation (CMDC) and Orissa Mining Corporation (OMC). The Shankarpur or Bhatgaon II & Extension block in Chhattisgarh alloted to CMDC in 2007 has been deallocated as the firm failed to adhere the development deadline of the block, media reports suggest.

The block in Bisrampur Coalfields has a geological reserve of 80 million tonne (mn t). The decision to de-allocate both the blocks followed a marathon eight-hour meeting by the IMG during which 10 cases out of total 33 were reviewed.

The IMG on October 9 and 10 had examined 33 coal blocks allocated to public sector firms including Andhra Pradesh Power Generation Corporation, NALCO and MMTC which were issued notices for delay in production.

The panel has already concluded the scrutiny of 31 coal blocks allotted to 51 private firms and last month the government had accepted its recommendations for de-allocation of 13 mines and deduction of bank guarantees of 14 allottees.

 
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