State governments have agreed with the Centre on draft terms and conditions for allocation of coal blocks to public sector companies, sources said today.
"The chief secretaries of state governments have agreed to draft terms and conditions for allocation of coal blocks to government companies during a meeting organised by the Coal Ministry," a source in the know said.
The meeting came against the backdrop of a ministerial panel deciding not to review the earlier decision allowing Reliance Power to use excess coal from the Sasan Ultra Mega Power Plant (UMPP) mines for its another project.
The terms deliberated during the meeting, chaired by Coal Secretary Alok Perti, included ensuring utilisation of coal, the source added.
In February, the Coal Ministry had notified rules for allocation of coal blocks through competitive bidding process in order to bring transparency in allotment.
On allocation of blocks to government companies, it had said that the Centre will identify areas and fix a reserve price.
The Ministry had said it will circulate a list of areas containing coal for inviting application from eligible government companies for allocation of blocks to states and the Power Ministry.
Source: Economic Times
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