Govt amends rules to allow 50% sale of coal from captive mines

The govt on Tuesday explained it has amended policies with a see to let 50 per cent sale of coal from captive mines.

The shift is very likely to reward about one hundred captive coal and lignite blocks with about five hundred million tonnes per annum peak rated potential as effectively as all coal and lignite bearing states.

“The Ministry of Coal has amended Mineral Concession Guidelines, 1960 with a see to allowing sale of coal or lignite, on payment of further sum, by the lessee of a captive mine up to 50 per cent of the full coal or lignite developed in a money calendar year, just after conference the prerequisite of the conclusion use plant linked with the mine,” the coal ministry explained in a assertion.

Previously this calendar year, the Mines and Minerals (Progress & Regulation) Modification Act experienced been amended to this outcome.

This is applicable for each the personal and community sector captive mines.

With this amendment, the govt has paved the way for releasing of further coal in the current market by bigger utilisation of mining capacities of captive coal and lignite blocks, which were being becoming only partly utilised owing to confined generation of coal for conference their captive wants.

Availability of further coal will simplicity force on energy plants and will also support in import-substitution of coal.

The allowance for sale recommended amount of coal or lignite shall also motivate the lessees to enrich the generation from the captive mines.

Further, payment of further top quality sum, royalty and other statutory payments in respect of the amount of coal or lignite marketed shall strengthen the profits of the state governments.

The govt has also created provisions for grant of mining lease to a govt company or company for coal or lignite for a interval of fifty many years.

Grant of mining leases for a interval of fifty many years shall strengthen seamless ongoing generation of coal or lignite by the govt corporations or organizations contributing to the coal/lignite stability of the nation.

The explained interval of fifty many years can be prolonged by interval of twenty many years at a time upon an software created to the state govt. Therefore, enlargement of interval of mining leases shall minimize multiplicity of apps for extensions, thus making certain continuity in mining operations.

Forward of the competition period, coal provide disaster appears to be to have deepened as 64 non-pithead energy plants are left with fewer than four times of the dry gas stocks.

The most recent report on coal stocks for energy plants from the Central Energy Authority (CEA) also confirmed that 25 such energy plants experienced coal stocks for fewer than seven times as on October 3, PTI noted on Tuesday.

As many as 64 non-pithead thermal energy plants experienced fewer than four times of stocks of the dry gas.

The CEA monitors coal stocks at 135 energy plants that have a cumulative era potential of 165 GW on a each day foundation.

General, full coal stocks of 78,09,two hundred tonnes were being out there at the 135 plants as on October 3 and that was enough for four times.

The each day coal prerequisite of the 135 energy plants with 165 GW of installed potential is 18,24,one hundred tonnes.

Amid the 135 plants, not even a solitary a single experienced eight or a lot more times of coal stocks.

(Only the headline and image of this report may well have been reworked by the Company Conventional workers the relaxation of the content material is car-generated from a syndicated feed.)

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