Header Ads

Investments by CIL to Increase Coal Production



Investments by CIL to Increase Coal Production 
CIL has assessed a tentative capital  investment of Rs. 57,000 crores for the next five years to ramp-up its coal production to one billion tonnes by 2019-20 from the production level of 494.80 Mt. in 2014-15.  This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha today.


The year-wise tentative capital investment projection is as follows:

CIL
2015-16
2016-17
2017-18
2018-19
2019-20
Total
Capital investment (Rs.Crores)
5990.5
8282
14539
14635
13529
56975.50 say 57000

In the 12th Plan, target for production of coal set for CIL was as follows: 

Year
Production Target in Mt
2012-13
464.10
2013-14
482.00
2014-15
507.00
2015-16
550.00


However, for the year 2013-14, against a target of 482 Mte, only 462 Mte was produced by CIL resulting in a shortfall of 20 Mte. With aggressive focus on increasing coal production since June 2014, against the original targetted increase of 25 Mte from 482 Mte to 507 Mte. in 2014-15, production of CIL actually increased by 32 Mte i.e. 128% more than target thereby covering the gap of 7 Mte in production of the previous year 2013-14.

The Minister further stated that the increase of 32 Mte in actual production achieved by CIL in 2014-15 is more than the cumulative increase in production for the previous 4 years   of 31 Mte.

**************
Coal Mines Auctioned 
So far, 31 coal mines have been successfully auctioned under the provisions of Coal Mines (Special Provisions) Act, 2015 and the Rules made thereunder.

Revenue which would accrue to the coal bearing State Government concerned comprises of Upfront payment as prescribed in the tender document, Auction proceeds and Royalty on per tonne of coal production. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha today.

State-wise details of 31 coal mines auctioned so far and estimated revenue which would accrue to coal bearing state during the life of mine/lease period is given below:


S.No.
State
Name of Mine/Coal Block
Estimated Revenue during the life of mine/lease period
(Rs. In Crores)
1
Chhattisgarh
Chotia
51596.83
Gare Palma IV4
Gare Palma IV5
Gare Palma IV7
GarePalma SectorIV/8
2
Jharkhand
Brinda and Sasai
49272.93
Dumri
Ganeshpur
Jitpur
Kathautia
Lohari
Meral
Moitra
Tokisud North
3
Madhya Pradesh
Amelia North
42811.43
Bicharpur
Mandla North
MandlaSouth
Sial Ghoghri
4
Maharashtra
Belgaon
5920.62
Majra
Marki Mangli III
Marki Mangli-I
Nerad Malegaon
5
Odisha
Mandakini
33741.95
TalabiraI
Utkal  C
6
West Bengal
Ardhagram
13354.22
Sarisatolli
Trans Damodar
Grand Total
196697.98

           
            The Minister further stated that in addition, an estimated amount of Rs. 1,48,275 Crores would accrue to coal bearing States from allotment of 42 coal mines to Central and State PSU’s. Further, the benefit to consumers in terms of reduction of electricity tariffs is likely to be about Rs. 69,310.97 Crores.

            The Central Government has received an amount of Rs. 1398,25,77,048.25 /- from the Auction and Allotment of coal mines under the Coal Mines (Special Provisions) Act, 2015. With respect to the State of Odisha, the Central Government has received Rs.  105,16,62,629.50/- from the coal mines auctioned/allotted in the State of Odisha and an amount of Rs. 37,51,53,256/- has already been transferred to the State Government, the Minister added.

************

Auction of Coal Blocks 
A total of 31 bids were received for 10 coal mines offered to the Non Regulated Sector in the third tranche of auction of coal mines under the provisions of the Coal Mines (Special Provisions) Act, 2015, the details of which are as under:-


S.No.
Coal Mine
Bidder Name
1
Bhaskarpara
Crest Steel and Power Private Limited
2.
Godawari Natural Resources Limited
3.
Jindal Steel and Power Limited
1.
Chitarpur
Hindalco Industries Limited
2.
Jindal Steel and Power Limited
3.
Kolkata Glass and Ceramics Private Limited
4.
Steel Authority of India Limited
5.
Vedanta Limited
1.
Jamkhani


Bhushan Power & Steel Limited
2.
Hindalco Industries Limited
3.
Jindal Steel and Power Limited
4.
Rashtriya Ispat Nigam Limited
5.
Steel Authority of India Limited
6.
Vedanta Limited
1.
Majra
ACC Limited
2.
Crest Steel and Power Private Limited
3.
Emami Cement Limited
4.
Grace Industries Limited
5.
Jaypee Cement Corporation Limited
6.
JK Lakshmi Cement Limited

1.
Marki Mangli – I
Grace Industries Limited
2.
Lloyds Metals and Energy Limited
3.
Topworth Urja & Metals Limited
1.
Parbatpur Central

JSW Steel Limited
2.
Rashtriya Ispat Nigam Limited
3.
Steel Authority of India Limited

            Only two Technical Bids were received each for Dongeri Tal – II and Sondhia Coal Mines. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha today . Further, only one Technical Bid was received for Kosar Dongergaon coal mine and no Technical Bid was received for Marki Mangli – IV coal mine.

The Minister further stated that so far, 31 coal mines have been successfully auctioned under the provisions of Coal Mines (Special Provisions) Act, 2015 and the Rules made thereunder. 

Revenue which would accrue to the coal bearing State Government concerned comprises of Upfront payment as prescribed in the tender document, Auction proceeds and Royalty on per tonne of coal production. The estimated revenue which would accrue to coal bearing state during the life of mine/lease period from the Auction of 31 Coal Mines is Rs. 1,96,698 Crores. In addition, an estimated amount of Rs. 1,48,275 Crores would accrue to coal bearing States from allotment of 42 coal mines to Central and State PSU’s. Further, the benefit to consumers in terms of reduction of electricity tariffs is likely to be about Rs. 69,310.97 Crores, the Minister added.



No comments

Powered by Blogger.