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Modi govt’s reform push for coal sector: Public sale strategy of 40 new coal mines launched

New Delhi: The Ministry of Coal on Tuesday launched the public sale strategy of 40 new coal mines during which 21 new mines are beneath the Coal Mines (Particular Provisions) Act 2015 and 19 are beneath the Tranche three of Mines and Minerals (Growth and Regulation) Act 1957.

In an official assertion, the ministry said that the step has been taken following the profitable public sale of 28 coal mines within the first two tranches and there shall be a complete of 88 coal mines on provide at current.”

Complete geological sources of about 55 billion tonnes of coal are on provide from these 88 mines, of which 57 are absolutely explored mines and 31 are partially explored mines. There are 4 coking coal mines on provide,” the assertion from the Ministry of Coal stated.

Addressing the perform right now, Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi pressured that the Ministry of Coal and the Authorities of India are on a steady journey to reform the coal sector and unlock values for the nation`s economic system beneath the management of Prime Minister Narendra Modi.

Joshi additional threw gentle on the vitality consumption sample of the nation and the way the demand for energy has elevated by round 20 per cent in comparison with pre-Covid instances.”

India is presently one of many lowest by way of per capita consumption of energy as in comparison with the developed nations and that the facility demand of the nation is predicted to be doubled by the yr 2040 owing to the main steps taken by the Authorities in connecting the remotest of the locations with energy and reiterated that the coal will proceed to play a serious half within the vitality mixture of the nation for subsequent 35-40 years,” he stated.

He additionally introduced that the rebate of 20 per cent on the ultimate provide on sale or consumption of coal for coal gasification or liquefaction, could also be elevated.


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