The Associated Chambers of Commerce and Industry of India (Assocham) has suggested the government to give preference in allocation of cancelled coal blocks to captive block allocatees who have an operational or soon to be operational end-use-project. It also demanded auctions be opened for others only after coal for these projects is secured.
The Supreme Court had last month quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993.
In a note submitted to the Prime Minister's Office (PMO), the chamber has stated that coal blocks already allotted for end use steel projects should be auctioned only for steel projects and similarly coal block allotted for end use power projects be auctioned only for power projects.
“The reserve price and upfront payment should be based on actual mineable reserves only (as assessed by CMPDIL/MECL, etc.,) and not on the basis of geological reserves. The sub-blocking should remain as it is and clubbing of blocks should be avoided so that the end use plants of small capacities can also bid in the auction process,” it said.
Clearances accorded to the existing coal blocks should automatically get transferred to the new allocatees, the chamber said. Obtaining these clearances again will lead to considerable delays in commencement of production
Source:The Statesman
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