The Government has decided to allocate area containing coal for specified end uses through auction by competitive bidding. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha today.
The Minister further stated that for augmentation of coal production in the country through Public Private Participation, a Model Concession Agreement (MCA) for engagement of Mine Developer cum Operators in Coal India Limited (CIL) and its subsidiary companies was finalized in consultation with Planning Commission and other concerned Ministries and the same has been sent to CIL for its adoption by their Board.
Coal Mines (Nationalization) Amendment Bill, 2000 was introduced in Rajya Sabha on 24.04.2000 to amend the Coal Mines Nationalization Act, 1973 to allow Indian companies in the private sector to mine coal in the country without the existing restriction of captive mining. All stakeholders will be consulted before the Bill is taken up, the Minister added.
The Minister further stated that for augmentation of coal production in the country through Public Private Participation, a Model Concession Agreement (MCA) for engagement of Mine Developer cum Operators in Coal India Limited (CIL) and its subsidiary companies was finalized in consultation with Planning Commission and other concerned Ministries and the same has been sent to CIL for its adoption by their Board.
Coal Mines (Nationalization) Amendment Bill, 2000 was introduced in Rajya Sabha on 24.04.2000 to amend the Coal Mines Nationalization Act, 1973 to allow Indian companies in the private sector to mine coal in the country without the existing restriction of captive mining. All stakeholders will be consulted before the Bill is taken up, the Minister added.
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