MoP Advises GENCOs On Timely Import Of Coal For Maximizing Production In Coal Mines
The Ministry of Power (MoP) has extended its prior advisory on blending of imported coal at 6% by weight from March 2024 to June 2024. GENCOs must ensure that their imported coal contracts continue coal supplies till June 2024. They are also encouraged to continuously monitor their coal stock positions and opt for blending in accordance with their requirements.
Report on Domestic Manufacturing of Heavy Machinery
The committee recommended standardization of equipment to promote domestic manufacturing, urging Captive/Commercial Mine operators and contractors to prioritize indigenous equipment. Tender clauses are proposed to align with the “Make in India” mission, promoting the use of domestically manufactured equipment. To incentivize manufacturers, the committee suggested a scheme to encourage the design, development, and production of equipment in India for five years under the “Make in India” initiative.
Ministry of coal to commence 8th round of auction of commercial coal mines
Ministry of coal makes efforts to stop importing of coal with the main focus on production of coal within the nation. The mines being auctioned are spread across coal bearing States of Jharkhand, Odisha, Maharashtra, West Bengal and Bihar. Sale of tender document shall start from November 15, 2023.. Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform.
Progress Report on Commercial Coal Mine Auctions
The aim of the coal mine auctions is that the coal sector be freed from distortions, vested interests and sectoral allocations. The auctions seek to bring everyone to a level playing field for efficient, fair and fast allocation of coal blocks. This meets the overarching goal of achieving Atmanirbharata in coal production in the country.
