Deallocated mines won't be taken away: Power Min to NTPC

Posted By: Religare
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Deallocated mines won't be taken away
Following the deallocation of coal from National Thermal Power Corporation (NTPC) in the month of June, the power ministry has confirmed that such coal blocks from the company would not be passed on to some other firm. The coal blocks were deallocated from NTPC, the company was found delaying its production from the block. As a consequence, Coal ministry decided to deallocate three coal blocks from the firm namely, Chhati Bariatu (South), Chatti Bariatu and Kerandari, all situated in Jharkhand.

Commenting on the issue, NTPC CMD Arup Roy Choudhury added, “Several section of media have reported that coal blocks allotted to NTPC have been transferred to another state-run firm, Neyveli Lignite Corporation. Power Ministry has ruled out any such proposal and coal blocks are with NTPC."

Further, detailing the allocation of the blocks, the Chatti Bariatu and Kerandari coal blocks in the North Karanpura coalfields in Jharkhand were allocated to NTPC in 2006, while the Chatti Bariatu (South) coal block was given in 2007. In the past, Coal Ministry has transferred the mining rights of coal fields Chhati Bariatu (South), Chatti Bariatu and Kerandari, all situated in Jharkhand, to another firm.

Theses coal fields are with NTPC since 2006. Meanwhile, NTPC, for the current financial year, is planning to import 16 million tonnes of coal. The import would take place in order to meet the domestic requirement. Out of the 16 million tones, 12 million tones would be imported by State Trading Corporation and remaining part will be imported by itself. However, the company requires 164 million tonnes for the current fiscal.

Read more about: ntpc, power, bse, nse
Story first published: Thursday, August 4, 2011, 9:30 [IST]
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