The centre is ready to officially handover Deocha Pachami coal block in Birbhum to West Bengal government, however, the state has sought greater clarity on performance guarantee calculations and implementation timeframe for the proposed mine which is believed to be a geologically difficult block.
It is the world’s second largest coal block and the state was looking at the possibility of selling a portion of its produce in the open market, if allowed by the centre, which, however, seem unlikely.
“We are ready and it is for West Bengal Power Development Corporation to come forward and sign the agreement for taking over the block,” coal secretary Sumanta Chaudhuri said on the sidelines of a FICCI organised event.
States query relates to calculation of performance guarantee and payment modalities – lumpsum or over years. The state has suggested some changes in the timelines for the block. Read More
Latest posts by ET Energy World (see all)
- 24 MW Arunachal Pradesh hydroelectric project becomes functional - September 15, 2019
- Nagpur: WCL to get land at new rates - September 14, 2019
- Ousted chairman of CG Power, Gautam Thapar seeks reelection to CG board - September 14, 2019